What is the role of fiscal policy in developed countries? Give example

Q: What are some dangers of Fiscal Policy?

A: Fiscal policy: - it is a tool of the government of a country in which the government adjusts its…

Q: State any two objectives of fiscal policy?

A: According to the given question Gradually we can say that fiscal policy always leads to the…

Q: What is the tax policy?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

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: Briefly explain how an expansionary fiscal policy works.

A: In an economy, fiscal policy refers to the action of the government when it tries to influence the…

Q: What is the meaning and definitions of fiscal policy?

A: Fiscal policy is implemented by the government of a country. Money supply refers to the total volume…

Q: Briefly write about the implications of Primary deficit

A: First of all we must know no that what does it mean by primary deficit to stop whenever we calculate…

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: What are primary deficit?

A: # In economics the term deficit means shortfaling.  This happens mainly when the expenses are more…

Q: What is the importance of studying the national budget and how it will affect our economy?

A: national budget is important because of following reasons :- 1. Hepls in allocation and distribution…

Q: a) How can the government use fiscal policy during a downturn to stimulate the economy?

A: Fiscal policy is the use of government tax collection and expenditure to impact the economy of a…

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: What are some importance of tax cuts

A: Tax reduces the disposable income of individuals.

Q: How does tax cuts encourage saving and investment

A: Tax reduce the personal disposable income of an individual which leads to reductions in savings and…

Q: If the total receipts are $1200 billion and total expenditure is $1500 billion then how much will be…

A:

Q: Who is in charge of the fiscal policy?

A: The fiscal policy is the policy of the policy of the government in the economy to control the…

Q: Who Controls Fiscal Policy?

A: option 2 is right answer The president and Congress Federal Reseve no role in control  fiscal policy

Q: What is meant by revenue deficit and what does it indicate

A: There are three main deficit of any government which are:- (1) Revenue deficit (2) Fiscal deficit…

Q: Imagine Sri Lanka is trying to reduce inflation using a contractionary fiscal policy. Discuss the…

A: The government uses fiscal policy to stabilize the economy when it is overheated or output growth is…

Q: The U.S. government's debt is currently about $20 trillion, which is 105% of GDP. How much debt is…

A: US government debt = $20 trillion And it's currently 105% of the GDP level

Q: What is Ricardian Equivalence?

A: please find below the answer.

Q: How does tax cuts encourage savings and investment

A: Since there is inverse relationship between the willingness to work and tax rate.

Q: What are Expansionary and discretionary fiscal policies? Examples to dumb down.

A:

Q: What is the role of fiscal policy development?

A: Fiscal policy is the process by which a government adjusts its spending and tax rates in order to…

Q: economy with an income tax of 10%, what is the budget balance of thegovernment? economics

A: Autonomus utilization is the utilization consumption that happens when pay levels are zero. Such…

Q: How will you identify budget deficits?

A: Budget deficit is a negative budget balance, where Budget balance = Tax revenue - Government…

Q: How can fiscal policy eliminate GDP gap

A: Fiscal policy refers to how the government uses spending and tax policies to influence economic…

Q: Explain the elements or test of fiscal policy that play a critical role in economic development.…

A: Fiscal policy is that the government rejects their spending and controls taxes and influences the…

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: Do tax cuts increase economic growth and taxable income so much that tax revenue increases?

A: Tax cuts are the fall in the amount of money of the taxpayers which are added to the revenue of the…

Q: To eliminate the deficit (and halt the growth of public debt) a politician suggests that "we should…

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: What is fiscal policy, who makes it, and what is it designed to influence?

A: Fiscal policy is the policy designed to help economy stabilise. It is usually made by the central…

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: How do you think can the people ensure the appropriate and efficient spending of public money by the…

A: Government and central bank are important for the economy. Some countries have certain resources in…

Q: What are examples of stimulus package?

A: When the economy is suffering from slow-down or recessions, the governments often introduce policies…