John and Mary Johnson were divorced in January 2018. By terms of their divorce decree John had to pay alimony to Mary at the rate of $50,000 in 2018, $25,000 in 2019, and zero in 2020. For the first three years of the agreement, determine what portions of the payments are deductible by John and includible in Mary's gross income.

(4 points) suppose the production function in the solow model is given by yt = ak¯ 3/4 t l 1/4 t . (a) what are the five equations and five unknowns that summarize the solow model? (b) show the transition dynamics in the solow model if ¯sy0 < ¯dk0. make sure you label the axes, curves, initial level of capital and steady-state level of capital. (c) solve for capital, output, capital per person, and output per person in the steady state. (d) if a¯ = 2, l¯ = 4, ¯s = 0.2, and ¯d = 0.05, calculate the steady-state level of capital and output per person.

The green revolution is a scientific breakthrough that improved seeds for basic crops. how did the green revolution impact the supply of basic crops such as wheat and corn? the supply of wheat and corn increased. there was no impact on the supply of basic crops. the supply of basic crops did not change, but the quantity supplied of basic crops increased. the supply of wheat and corn decreased.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak