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.
LINK / CITE ADD TO WORD LIST. noun. The definition of an economic stimulus is an action taken by government to help the economy during a recession. By spending money on state and federal infrastructure, the government hopes to provide jobs, and jump-start the failing economy.INK / CITE ADD TO WORD LIST. noun. The definition of an economic stimulus is an action taken by government to help the economy during a recession. By spending money on state and federal infrastructure, the government hopes to provide jobs, and jump-start the failing economy.