grow and develop without depending extensively on aid. Realizing that Ghana has already undergone three earlier phases of tax reforms, discuss the challenges associated with securing a successful tax reforms Suggest and discuss possible solutions on the way forward in resolving the challenges associated with tax reforms identified in (a) above

Q: Identify one real world example that  illustrate how fiscal policy can facilitate economic growth in…

A: Fiscal policy is the tool used by government to control the economy. For increasing economic growth…

Q: Taxes are a burden and an obligation and people have a negative attitude towards their tax…

A: Taxes are levies levied by the government on residents' incomes, products, and other assets, which…

Q: Discuss the impacts of fiscal policy in Fiji during covid-19.

A: COVID-19 is a very serious issue which world is facing these days. As it is a communicable disease,…

Q: Public deficits arise whenever government expenditure exceeds government receipts. This phenomenon…

A: Public Finance is referred to as the study of a governments activities, which includes spending,…

Q: Any deficit that a government might run must be financed somehow. Which of the following is a…

A: In an economy, government might run budget deficit due to spending more than its revenue from…

Q: In 1998, the government reduced its debt by $40 billion and it spent $420 billion. How much tax…

A: The tax revenue received by the government includes the debt reduced by the  government and the…

Q: By decreasing government spending and aggregate demand, the policy ________ the price level and…

A: When other things remain the constant, decreasing aggregate demand leads to reduce the price level.…

Q: Historically, which of the following are reasons that a large US public debt might not threaten to…

A: An increase in US public debt might not threaten to bankrupt the Federal government on account of…

Q: Optimal fiscal federalism refers to A.the optimal distribution of property taxes across local…

A: Sometimes there isn't optimal provision of public goods by the local government for which the…

Q: Capital budgeting refers to the idea that.. а. The government directs a fixed percentage of its…

A: Introduction Capital budgeting refers to investment decision so that maximum profitable can be…

Q: At the state and local levels in the United States, the largest source of tax revenue is   Group of…

A: At the state and local levels in the United States, the government collects tax revenues from the…

Q: Which of the following best describes the built-in stabilizers as they function in the United…

A: Automatic stabilizers are such policies that automatically adjust as per the need of the economy.…

Q: Assume that in a hypothetical country, coal mining is a significant industry, hiring a high…

A: During a downturn, expansionary fiscal policy is employed to push the country. It improves economic…

Q: What steps can be taken to maintain the effectiveness of the command-and-control approach in a…

A: *Fiscal restraint. According to fiscal restraint,government will increase taxes as s result of which…

Q: Explain how the goverment can use fiscal policy for capital formation and technological improvement…

A: Meaning of Fiscal Policy: The term fiscal policy refers to the situation under which the…

Q: True or false? A fiscal policy is ineffective in a situation of perfect mobility of capital.

A: The use of government spending and tax policies to impact economic conditions, particularly…

Q: Discuss four problems that complicate the application of fiscal policy, include a description of…

A: Fiscàl policy  We show that Fiscàl policy is  the government's policy of stabilizing the economy by…

Q: The crowding-out effect of expansionary fiscal policy suggests that Multiple Choice government…

A: Crowding out effect is that when government borrow money from public then the loanable fund supply…

Q: Could the expansionary fiscal policy adopted by the U.S. government lead to economic recovery from…

A:

Q: The following budget data are for a country having both a central government and provincial…

A: The primary deficit is the contrast between the financial deficit of the current year and the…

Q: When a current generation approves a government program that results in a deficit which is paid for…

A: The amount of money borrowed by one party from another is referred to as debt. A debt agreement…

Q: To minimize dead weight loss resulting from taxation, a. tax revenue should be maximized. b. tax…

A: Dead weight loss is the sum of area of consumer distortion and producer distortion. It is the result…

Q: On this graph show and explain the impact of the fiscal packages policy implemented in Trinidad and…

A: Here it can be seen in the graph that the Money demand has a left side shift which shows that the…

Q: upply-side economists: saw influence beyond in both the Bush and Clinton administrations.…

A: Supply side economics suggest that government policy should be used to improve incentives. This will…

Q: For the last 50 years or so, republicans and democrats at the national level have each favored…

A: The impact of a tax cut, Increase spending, Higher economic growth, Government borrowing, government…

Q: What is Fiscal Administration as you have understood in this module.

A: Public Fiscal Administration, by and large, alludes to the cycle/is associated with the income age,…

Q: Supply-side fiscal policies focus on improving the incentives to work, save, and invest.   Group of…

A: In the market, when the government wants to implement fiscal policy, it can either impose…

Q: Consider an economy in which government raises revenue with an income tax. In class we look at two…

A: Governments in practically every nation throughout the globe levy forced charges on persons or…

Q: Refer to Figure 4-11 4-11.png. On the Laffer curve shown, which of the following is true? Tax…

A: Answer: D (All of the answer choices are true) Explanation: If the marginal tax rate falls from…

Q: Supply-side fiscal policy initiatives include the following items EXCEPT: Group of answer choices…

A: Fiscal Policy refers to the policies which adjust the government spendings and revenue from taxes by…

Q: Which of the following statements about state budget is wrong? a. Budget may be annual or biennial…

A: In an economy, government budget plays a significant impact on the overall growth and development of…

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: Which of the following is related to the issue public finance? * Public finance deals both fiscal…

A: The study of the government's role in the economy is known as public finance. It is a discipline of…

Q: True or false.  The federal government is largely financed from two tax sources: corporate income…

A: The federal government is largely financed from these tax sources :- corporate income tax,corporate…

Q: During the periods when the Philippine government would most likely adopt a contractionary fiscal…

A: The phrase "fiscal policy" refers to the activities taken by the government to affect an economy…

Q: hich of the following policy measures is not discretionary? a. Income tax surcharges designed to…

A: In an economy, discretionary policy refers to the one that is implemented for a specific purpose or…

Q: The three common limitations of discretionary fiscal policy are information lag, decision lag, and…

A: Discretionary fiscal policy is thought to be a very useful mechanism for the administration to…

Q: What do you understand from the sustainability problem of the fiscal stimulus packages implemented…

A: When the economy is facing a recession, the government can stimulate the economy by using…

Q: Treasury yields have climbed in recent months along with investors’ expectations for a strong…

A: Treasury yields have climbed in recent months along with investors’ expectations for a strong…

Q: 10.  Legislative lags associated with fiscal policy are due to all of the following, except:…

A: fiscal policy is the use of government revenue collection and expenditure to influence a country's…

Q: The government of Ghana has embarked on a fiscal policy route termed "Ghana beyound Aid", which…

A: Ghana Beyond Aid is a vision of the President to make Ghana a self-sufficient, self-reliable country…

Q: During the COVID-19 pandemic, Canada as well as many countries experienced a recessionary phase.…

A: Given : During COVID-19 Pandemic, Canada as well as many countries experienced a recessionary phase.…