Description
Research federal government spending and taxes over the last 3-5 years (fiscal policy). Has total government spending increased or decreased? Explain. Have income tax rates increased or decreased? Explain.
Have other macroeconomic events impacted the economy and/or your selected organization? If so, explain.
Explanation & Answer
Running head: ECONOMICS CONCEPTS
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Economics Concepts
Institution Affiliation
Date
ECONOMICS CONCEPTS
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Question 1
Taking a look at the last few years government spending has been increasing. Though not
high as that record made in 2009 when there was recession in the economy, spending in the last
few years was very high. From the year 2008 the whole world was affected and it was in this
period that most nations suffered from a decline in economic growth and high levels of taxation.
According to Pine and Gilmore, (2011), the government has been using fiscal policy with
increased spending since this bad economic state. With more spending the government aims at
increasing the real GDP, reduce cases of unemployment and increase the income in many
households.
The government does not tax some of the households because their income is
below average and it would be a burden to them if they...
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