Each former president receives the same salary as a current member of the Presidential Cabinet. For 2013, the amount was $199,700 per year. This number does not take into account the extras the former leader is entitled to including a $96,000 stipend for office staff payroll and free postage for life.ach former president receives the same salary as a current member of the Presidential Cabinet. For 2013, the amount was $199,700 per year. This number does not take into account the extras the former leader is entitled to including a $96,000 stipend for office staff payroll and free postage for life.
An economic surplus is also known as total welfare. An economic surplus is related to money, and it reflects a gain in the expected income from a product. There are two types of economic surplus: consumer surplus and producer surplus. Consumer surplus occurs when the price for a product or service is lower than the highest price the consumer would pay. For example, think of it like an auction: a buyer walks into an auction with a set price limit he or she will not exceed.
At this equilibrium national income of $250 billion, the firms have neither the tendency to increase output nor the tendency to decrease output. Hence, $250 billion is the equilibrium level of national income.The equilibrium output, in this simple Keynesian analysis, does not mean full employment.ccording to J. M. Keynes, the equilibrium level of national income is that situation in which aggregate demand (C+ I) is equal to aggregate supply (C + S). The aggregate demand (C+ I) refers to the total spending in the economy.