Homework Answers
The citizens and the future generations bear the burden of government debt.
This is because when a government is in debt, it will have to finance it through higher tax incomes and lower government expenditures.
As a result, when a government is in debt, its current and future generations will face higher tax rates and receive lower government spending and will thus end up bearing the burden of high government debt.
Who bears the tax burden if the demand curve is perfectly elastic? a. Sellers b. Buyers...
Who bears the tax burden if the demand curve is perfectly elastic? a. Sellers b. Buyers c. Government d. Both sellers and buyers
Lerner's view on debt financing is Internal debt creates no burden for the future generations. Future...
Lerner's view on debt financing is Internal debt creates no burden for the future generations. Future generations bear a burden of external debt. Burden of debt can be transferred across generations. Government debt crowds-out the available funds for private sector.
Explain what is meant by national debt. state one reason why the national debt is a...
Explain what is meant by national debt. state one reason why the national debt is a burden to a country
The seller is responsible for, and ultimately bears the burden of, any transportation costs incurred for...
The seller is responsible for, and ultimately bears the burden of, any transportation costs incurred for goods shipped FOB destination. True False
Explain in one sentence why the government debt as a % of the GDP is more...
Explain in one sentence why the government debt as a % of the GDP is more than 100% in 2017 using OECD data and less than 30% using the data of the Department of Finance, Canada.
2. What government policy would make the demand shift from D0 to D1? Clue: you should...
2. What government policy would make the demand shift from
D0 to D1? Clue: you should
specify if it is a tax or a subsidy. If it is a tax, is it
imposed on buyers or sellers?
3. According to the graphic, who pays
P1 , who pays
P2 and who bears most the
tax
burden (buyers or sellers) in this case? Explain your
answer.
Do Figure 3- Government policy in the market of jewelry 1. According to the graphic,...
Explain why the excess burden of a lump-sum tax will always be zero. Why is the...
Explain why the excess burden of a lump-sum tax will always be zero. Why is the payroll tax not a lump-sum tax? Show how a payroll tax affects the wages paid by employers and received by workers, assuming that it is withheld from their paychecks. Assuming that the supply of labor is not perfectly inelastic, show how the excess burden can be measured.
A heavily indebted government may end up in a vicious circle, where higher interest rates and lower growth exacerbate the debt burden.
A heavily indebted government may end up in a vicious circle, where higher interest rates and lower growth exacerbate the debt burden.a. Derive an expression for how the change in the government debt-to-GDP ratio depends upon the primary deficit (relative to GDP), the earlier debt-to-GDP ratio, the interest rate and the GDP growth rate.b. By how much will the government debt ratio increase in a year if the outstanding debt is 100 per cent of GDP, the primary deficit 10...
The 19th century economist Henry George argued that the government should levy a sizable tax on...
The 19th century economist Henry George argued that the government should levy a sizable tax on land, the supply of which he took to be completely inelastic. a. George believed that economic growth increased the demand for land and made rich landowners richer at the expense of the tenants who made up the demand side of the market. Show this argument on an appropriately labeled graph. b. Who bears a burden of a tax on land-The owners of land or...
connect 8. 000 points is government debt good or bad for the economy and the nation as a whole Government debt: Ins...
connect 8. 000 points is government debt good or bad for the economy and the nation as a whole Government debt: Instructions: You may select more than one answer Cock the box with a check mark for correct answers and click to empty the box for the wrong answers can cause crowding out which no t es is not a problem since we were selves must be repaid, causing government est payments pushes the burden of the debtonto reg i...
The seller is responsible for, and ultimately bears the burden of, any transportation costs incurred for goods shipped FOB destination. True False
2. What government policy would make the demand shift from
D0 to D1? Clue: you should
specify if it is a tax or a subsidy. If it is a tax, is it
imposed on buyers or sellers?
3. According to the graphic, who pays
P1 , who pays
P2 and who bears most the
tax
burden (buyers or sellers) in this case? Explain your
answer.
Do Figure 3- Government policy in the market of jewelry 1. According to the graphic,...
connect 8. 000 points is government debt good or bad for the economy and the nation as a whole Government debt: Instructions: You may select more than one answer Cock the box with a check mark for correct answers and click to empty the box for the wrong answers can cause crowding out which no t es is not a problem since we were selves must be repaid, causing government est payments pushes the burden of the debtonto reg i...
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