Q: What is a problem of a government running a large Debt (e.g., debt/GDP ratio of over 100%)?…
A: Government of different countries borrows money from the public, central bank and from foreign…
Q: Explain in detail fiscal policy, its function and its effects on short and long-term economic…
A: Fiscal Policy is defined as a policy implemented by the government by which the government of a…
Q: From the following data about a Government budget, find out (a) Revenue deficit, (b) Fiscal deficit,…
A: Formula used for the Calculations. Revenue deficit = Revenue Receipts - Revenue Expenditure. Fiscal…
Q: Indicators used to describe the fiscal situation for Saudi
A: As economies and societies developed, the study of economics got more complicated. Hence, as a…
Q: Explain and expand on How does fiscal discipline help businesses to grow in an economy?
A: Fiscal Discipline can be defined as a state when there is an ideal balance between the revenue and…
Q: current GDP
A: Ans is over 100%
Q: Refer to Illustration 19. Which of the tax systems represents the most progressive system? a. T1 b.…
A: A progressive tax is a tax system that implies when the income of a person increases, the tax rate…
Q: What are implications for a government running deficits?How could that be effectively addressed?What…
A: The economies around the world tend to focus on enhancing their economic growth in a way that it…
Q: Diffrentiate between primary deficit and revenue deficit
A: While talking about the deficits of the goverment we come across the concepts of primary deficit and…
Q: The following transactions took place in Ecoland in 2019: Trillions of 2015 dollars Government…
A: As per the policy , I can solve the first three subparts for you. Part a) GDP in 2015 = C + I + G +…
Q: Illustrate the concept of Ricardian equivalence using the demand and supply of financial capital…
A: Ricardian equivalence: The theory says that the consumption of an individual or family’s rate of…
Q: The use of government spending and taxation to affect aggregate demand are examples of fiscal…
A: Aggregate demand is the measure of total goods demanded and services too in any particular economy.…
Q: ree budgetary solutions you
A: A budget deficit occurs when spending tends to exceed level of income.
Q: Under which of the following conditions does a country's run a budget deficit in a particular year?…
A: There is single largest source of income for the Government which is from Tax Direct and indirect…
Q: The functions Public finance plays an important role in the economy of a country. Differentiate its…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you as per…
Q: Countries with high levels of debt-to-GDP ratios are poor countries and that countries with low…
A: A country with a high debt-to-GDP ratio shows the GDP of the nation is insufficient to pay back…
Q: c) All governments have the purposes of establishing laws, providing order and security, protecting…
A: As different products are manufactured, cost is initiated and process of business follow ups.…
Q: Explain fully the meaning of fiscal autonomy and how local government units raise revenues to…
A: The term fiscal autonomy refers to the freedom to collect revenue, apply local taxes, take financial…
Q: 1. Discuss the achievements and deficiencies of the policies followed during the Nehruvian era.
A: Achievements of policies during the Nehruvian era are the following: Five-year plan Focus on small…
Q: How does anemic economic growth contributes to national debt?
A: Anemic Economic growth: An anemic Economic growth can be defined as the one where the growth of the…
Q: What is Ricardian Equivalence?
A: please find below the answer.
Q: iscuss the federal budget of the U.S government. should it always be balanced?
A: "Since you have asked multiple questions, we will answer only first question for you. If you have…
Q: How does the two-good, two-country version of the Ricardian model differ from the two- country,…
A: The Ricardian model of international trade tries to elucidate the inequality in comparative…
Q: Taxation; an essential fiscal policy tool for moblizing resources for socio-economic development…
A: The above mention passage, it is talking about taxation and fiscal policy regarding taxation and…
Q: what do you mean by financial inclusion, market-friendly environment, and fiscal incentive system in…
A: The Philippine economy is in excellent shape. It is ranked 37th in the world in terms of GDP. After…
Q: Explore the consequences for a hypothetical developing economy, if the the rate of borrowing to fund…
A: Budget proposals or economic shortages can be sustained by creating more currency, which is why the…
Q: Explain how the government can use fiscal policy for capital formation and Technological Improvement…
A: The fiscal policy is used by the government in order to influence the economic activity and…
Q: What is the role of fiscal policy in developed countries? Give example
A: It is common knowledge that fiscal systems have a significant role in the effect of any economy.…
Q: If fiscal budgets don’t need to balance, what should we be trying to balance in an economy? Explain…
A: Since you have asked multiple questions we will answer the first three questions for you. Fiscal…
Q: As many of you are aware, due to measures to combat Covid, many governments incurred steep deficits…
A: Introduction Government are always increase tax rates to reduce the budget deficit. The tax amount…
Q: What would happen to the budget deficit if the: a) GDP growth rate jumped from 1 percent to 3…
A: A budget deficit occurs when the actual expenses of the government exceed its total revenue.
Q: Explain how the government can use fiscal policy for capital formation and Technological Improvement…
A: Economic development: - Economic development is the process of improving the social and economical…
Q: What are problems that governments may encounter in enacting and applying fiscal policy? Explain the…
A: Fiscal policy is tools available to government to counter the economic imbalances, using an…
Q: State and explain 4 limits to fiscal policy in a developing country economy
A: The fiscal policy is the way by which a government adjusts its spending levels and tax rates to…
Q: Answer the question completely: 1. How can fiscal policy promote economic growth and development?
A: Economic growth, outlined as a rise in people's real financial gain, indicates that the quantitative…
Q: Examine
A: For a fictitious developing economy, there might be a number of effects from a budget deficit that…
Q: Question 5 What is meant by "a tariff on imports?" Summarize the domestic effect of a tariff on the…
A: As per company policy we are supposed to answer only one question per session, will only be able to…
Q: taxation is an essential fiscal policy tool for mobilizing resources for socio-economic development…
A: One of the most important fiscal tools available that are available with a government is taxation.…
Q: argues on the intervention of fiscal policy as an instrument to promote growth, sustainability and…
A: Fiscal policy refers to policy of government concerning the expenditure and taxes. Government uses…
Q: What would happen if expansionary fiscal policy was implemented in are cession but, due to lag,did…
A: Macroeconomics analyzes the economy as a whole. It studies the aggregate economic concepts such as…
whats answer
Step by step
Solved in 2 steps
- What are some fiscal policies for improving a societys human capital?Explain how the government can use fiscal policy for capital formation and Technological Improvement in the process of economic development ( very shortly )taxation is an essential fiscal policy tool for mobilizing resources for socio-economic development and in particular middle country such as Ghana. Discuss?
- Identify one real world example that illustrate how fiscal policy can facilitate economic growth in a countryargues on the intervention of fiscal policy as an instrument to promote growth, sustainability and economic stability of a country. (Provide a detailed example).Explain how the government can use fiscal policy for capital formation in the process of economic development. Thanks.
- Considering the impact of fiscal policy on economic growth, how might a progressive federal tax system influence income distribution and overall consumer spending behavior?How can FISCAL POLICIES help for a low-carbon economy? Provide an in-depth discussion and a few citations.Answer the question completely: 1. How can fiscal policy promote economic growth and development?
- Explain how the goverment can use fiscal policy for capital formation and technological improvement in the process of economic development?What is a fiscal policy tool used to stimulate economic growth during a recession? A. Increasing government spending B. Reducing taxes C. Selling government bonds D. Reducing government spendingExplain how the government can use fiscal policy for capital formation in the process of economic development?