PURPOSE The purpose of the assignment is to enhance learners’ understanding of how fiscal policy can be used to achieve economic goals. REQUIREMENT Discuss and evaluate how fiscal policy tools can assist in improving economic growth‚ employment and mitigate inflation. Answer Fiscal policy is a policy concerned with Government Revenues and Government Expenditures. The tools are government expenditures (G)‚ taxes (T)‚ both direct and indirect‚ deficit financing‚ i.e.‚ government
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CHAPTER ONE 1.0 INTRODUCTION Federalism as it were‚ originated during the colonial epoch beginning with the amalgamation of the Northern and Southern Protectorates in 1914. It was introduced into Nigeria precisely by the 1946 Richardson constitution. The constitution introduced regionalism into Nigeria for the first time‚ establishing regional assemblies in addition to the already existing central legislature. However‚ the regional houses remained only as deliberative and advisory bodies having
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medical care that they need to grow into strong‚ healthy‚ productive adults. Children are dependent on others; they enter or avoid poverty by virtue of their family’s economic circumstances. They cannot alter family conditions by themselves‚ until they approach adulthood. Unemployment and very low income create an environment where children cannot simply go to school. Those who live in extreme poverty or below poverty line for multiple years appear to suffer the worst outcomes. As for those who can
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The Fiscal Cliff By: Shannon Mannella Macro W 6-8:45 What is the fiscal cliff? I asked myself this question before righting this paper. I though “why do I need to know about the fiscal cliff”‚ well I guess because I have to right about it. But seriously I think that there is no real answer to that question‚ I think that we all just pretend like we know what it is to move past that subject. Well at least it was a good laugh to think so. So the term fiscal cliff is a term they use to describe
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a nation. There are many tools to stabilize the economy and reduce the frequency and the altitude of economic fluctuations. Among these tools are the fiscal policy and monetary policy. This report discusses the fiscal policy and why the governments use this too to stabilize the economy and encounter the economic fluctuations. Definition Fiscal policy is a macroeconomic tool used by the government through the control of taxation and government spending in an effort to affect the business cycle
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In my previous post‚ I explored the importance of positive work environments and one key benefit is that great workplaces can help motivate employees. It makes sense. Employees that are happy tend to be more productive‚ which is better for a business’ bottom line. Lots of research has shown the relationship between employee satisfaction/perception and a company’s success. I’ve seen it firsthand for more than two decades. Motivated employees can make all the difference in a successful company
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Task 3 For part of this task‚ I gathered information from a technician that works in the science department. This enabled me to gather primary information‚ giving me a basic understanding of the storage and practices within the lab before researching them on the internet. Chemical store management When storing chemicals‚ they are put into different categories‚ for example; flammables‚ corrosives‚ irritants etc. All of these different categories are stored in an external store. They are stored externally
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PHILIPPINE EXPENDITURE PATTERN A Report Submitted to DR. LUIS M. LANSANG Professor In partial fulfillment of the requirements for the course Public Fiscal Administration by: Ronald Reagan T. Alonzo MPA Student July 27‚ 2013 1st Trimester‚ AY 2013-2014 TABLE OF CONTENTS I. | Introduction ……………………………………………………………………… | 3 | II. | Objective of the Study …………………………………………………………… | 4 | III. | Expenditure Policies ……………………………………………………………… | 4 | | | Developmental Problems
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Journal of Public Economics 74 (1999) 171–190 www.elsevier.nl / locate / econbase Fiscal policy and growth: evidence from OECD countries Richard Kneller a ‚ Michael F. Bleaney b ‚ *‚ Norman Gemmell b a b National Institute for Economic and Social Research‚ London‚ UK School of Economics‚ University of Nottingham‚ Nottingham‚ UK Received 1 October 1998; received in revised form 1 December 1998; accepted 1 December 1998 Abstract Is the evidence consistent with the predictions of endogenous
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Budgets are a very important tool in managing fiscal sustainability as it relates to both public and private organizations. In addition‚ the preceding statement is almost always accompanied by the discussion of the need or dispensability of budget transparency for implicated stakeholders. Therefore‚ budgets are key documents since they lay out a government’s priorities in terms of policies and programs. Budget transparency for public systems refers to the extent and ease with which citizens can access
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