Questions and Answers   

• What is the best way for a government to collect tax revenue?
   
• What is the definition of full employment and at what unemployment rate is an area considered to be at full employment?
   
• Are you aware of any current studies that are being conducted on the unemployment rate of returning veterans from the current War in Iraq and Afghanistan?
   
• What are the different types of unemployment?
   
• What are the impacts of raising the minimum wage?
   
• What is the outlook for interest rates for the rest of the year?
   
• Explain the economic ripple effect of job creation?
   
• What are the three basic economic systems?
   
• What is the Consumer Price Index?
   
• How does consumer spending impact the economy?
    
• Why has the Fed started to raise interest rates, and what effect will this have?
   
• How has the war in Iraq affected the South Carolina economy?
   
• When talking about employment, what is the difference between a buyer’s market and a seller’s market?
   
• When the price of a barrel of oil increases, why do gasoline prices go up immediately, when the existing gas was processed from oil previously purchased at a lower price?
   

• Is there a correlation between interest rates, inflation and the national debt?
   

• What are the three major types of economies? Explain the differences.
   

• What impact does the military have on South Carolina’s economy?
   

• In general, how do local governments use sales tax revenue?
   

• Gasoline Prices: What’s Up?
   

• A Word on Taxes
   

• What is the outlook for gasoline and other energy prices?
   

• What is the latest forecast for South Carolina’s economy in 2006?
   

• How have higher energy prices affected the U.S. economy?