The increased government spending noted in Q.3.1. above has to be financed in one way or another. Describe three ways in which government spending can be financed.
The increased government spending noted in Q.3.1. above has to be financed in one way or another. Describe three ways in which government spending can be financed.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter16: Creating An Environment For Growth And Prosperity
Section: Chapter Questions
Problem 14CQ
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Question
The belief that we can spend our way out of low growth is inconsistent with the best available
empirical evidence and ignores South Africa’s recent poor performance in using government
spending as a tool to unlock much‐needed
economic strategies that have failed elsewhere is something we are not prepared to do.’ Tito
Mboweni is South Africa's Minister of Finance.
The increased government spending noted in Q.3.1. above has to be financed in
one way or another.
Describe three ways in which government spending can be financed.
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