what happen to the country if the government income decrease?

Q: What are government transfer payments? Are they included as part of the government spending…

A: In an economy, all the economic activities performed by the citizens that resulted in income value…

Q: Eastlandia's GDP in 2021 is $17353. Governmerit budget deficit in 2021 is $68.2. Government debt at…

A: When the government borrows from the market in order to fund its spending causes a budget deficit.…

Q: it is easier for governments to change taxes or spending plans?What

A: In macroeconomics, the government and the central bank plays a very important role in stabilizing…

Q: 66: What are a few reasons why the connection between genuine GNP and social government assistance…

A: GNP refers to the final value of goods and services  that are produced within and outside the…

Q: A government starts off with a to year two, the government runs a hat is the total deht of the…

A: Consider a situation  when starts off with a total debt of $3.5 billion . In year 1 - the government…

Q: Injections doesn't include Investment Таxes Government spending O O

A: Circular flow of income: - a circular flow of income shows the exchange of money, resources, goods,…

Q: Which of the following is a posi tive, rather than anormative, statement?a. Law X will red uce…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: What are some of the ways fiscal policy might encourage economic growth?

A: Fiscal policy is a macroeconomic policy that is implemented by the government for monitoring and…

Q: explain the impact of a low interest rate on gross domestic product(not less than a page)

A: We can determine the impact of low interest rate on gross domestic product by taking IS-LM model. IS…

Q: How would you describe the relationship between corporate taxes and the GDP of a country?

A: In an economy, the corporate tax refers to the tax imposed by the government on the income of…

Q: When Britney Spears married one of her dancers, what effect might it have had on national income?…

A: National Income: National income is the monetary value of all goods and services produced in a…

Q: What is %  contribution of government spending in total GDP

A: GDP or gross domestic product is the value of the goods & services that are produced within the…

Q: What is the primary component(s) of GDP that Fiscal Policy is trying to effect?

A: Fiscal Policy refers to the change in government spending or taxes in order to promote economic…

Q: In what ways does the united States government safety net fail for low-income people?

A: The social safety net, or America's complex system of public benefits and supports, has proved to be…

Q: MPC is 0.60. To increase GDP by $360, how much should we decrease taxes?

A: MPC is 0.60. To increase GDP by $360, how much should we decrease taxes?

Q: . How much more output does the $20 trillion U.S. economy produce when GDP increases by 1.0 percent?

A: GDP of the US economy = $20 trillion

Q: Whic are the taxes are replaced by the GST?

A: GST stands for Goods and service taxes.

Q: What are the effects of the business cycle on the government's budget? automatically tax revenues…

A: The government spending plan, also known as the national budget, is a file that lists the various…

Q: What is the economic condition that results from the decrease in SRAS called?

A: When the AD or SRAS curves shift, shocks occur. If the economy shifts suddenly, the aggregate demand…

Q: Potential GDP is at 500 trillion, actual GDP is at 375 Trillion. What is the gdp gap?

A: The full form of GDP Gross Domestic Product broadly means the quantitative measure all the economic…

Q: How does government spending act as an injection into the circular flow of income?

A: Government spending is the spending by the government on the welfare of the public or on the public…

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: Analyze the graph below, showing the Gross Federal Debt as a percentage of GDP for the United States…

A: GDP: It refers to the gross domestic product of the economy. The GDP helps in showing the wealth of…

Q: who would like to be taller in the country? the gross domestic product or the Gross National product…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: If GDPMP of a country is 50 billion and product taxes are 2 billion while subsidies given are worth…

A: GDP (as per income method) = GDP at factor cost + Taxes – Subsidies. 50= LET assume X + 2BILLION-…

Q: iscal Policy How can fiscal policy create jobs?

A: Fiscal policy is a macroeconomic policy that is implemented by the government for monitoring and…

Q: Analyze the graph below, showing the Gross Federal Debt as a percentage of GDP for the United States…

A: GDP: It refers to the gross domestic product of the economy. The GDP helps in showing the wealth of…

Q: The savings rate in a country is 25%. The government wants to expand GDP by $300 Billion. How much…

A: The savings rate in a country is 25%. The government wants to expand GDP by $300 Billion.

Q: What Is Fiscal?

A: The discipline Economics includes all the possible changes in an economy and the functioning of an…

Q: What is the role of government in the circular flow of income and expenditure?

A: The circular flow of income model is the demonstration of the movement of money through society.…

Q: how are consumption taxes different from income and property taxes?

A: Taxes are compulsory payments to governments without expectation of direct return or benefit to the…

Q: What is the prime rate? Whogets the prime rate?

A: The primary rate is the interest rate paid by banks to their favoured clients, or to those with the…

Q: How I measure NDP?

A: NDP stands for Net Domestic product, which measures the market value of all final goods and services…

Q: How do you calaculate the debt to GDP ratio?

A: Debt to GDP ratio refers to the calculation that calculates the nation’s government debt to the GDP.

Q: The following national income model, the effect of changing direct taxes on equilibrium income is Y…

A:

Q: Sales taxes tend to be regressive, that is why food, medicine are often excluded? True or False

A: The tax is a unilateral payment made by the people towards the government for various purposes such…

Q: What is a stimulus package?

A: When talking about stimulus package, it is generally considered as the government action because it…

Q: How does shadow economy affect GDP?

A: The shadow economy is the economic activity that is not declared activates and for which taxes…

Q: Which flows represent taxes? a. C and D b. E and F c. A and B d. D and E

A: In a market, there is a cyclical flow between firms, households, and government for an exchange of…

Q: Explain the items of government expenditure in detail?

A: Government expenditure means including all government expenses Like spend on people welfare schemes,…

Q: The impact of an increase in government spending would be to a) increase the interest rate b) leave…

A: Government spending is spending on infrastructure, roads and highways, national defense and…