1. Describe how budgetary deficits and public debt are related.
2. Where does a firm's marginal cost curve intersect its average total cost curve? Why does it always intersect it there?
3. Describe the effect of inflation on both incomes (purchasing power) and savings.
4. Describe a limitation or weakness of Nominal GDP as a measure of the performance of the economy.Explain one way we already deal with this limitation or weakness.Name and briefly describe an alternative to GDP as a measure of economic performance.