Explain how the government can use fiscal policy for capital formation in the process of economic development.

Belize Prime Minister gave $30 million loan granted to Campus I Limited for constructing administrative buildings on government-owned land on Lake Independence Boulevard. Can this level of expenditure contribute to the economic growth of Belize or helped lower poverty among the population?

What do you think is the biggest challenge related to the new economy?

Which of the below examples of government involvement does NOT lead to economic growth, according to Wheelan? Group of answer choices   Government provides as public  goods items that are good for society but have a free rider problem that could lead to crippling costs to private enterprise if they provided them.   Government provides uniform rules and regulations such as contract law, roots out fraud and ciculates a sound currency with relatively stable value.   Government redistributes income and wealth from the rich to the poor such that income disparity is eliminated, and everyone makes about the same amount regardless of their ability or effort.