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Econ 422:Public Finance And Fiscal Policy Question Paper

Econ 422:Public Finance And Fiscal Policy

Course:Public Finance And Fiscal Policy

Institution: Egerton University question papers

Exam Year:2016

1.)Explain the following concepts as they are used in public finance:
a)Debt financing
b)Funded debt
c)Public goods
d)Expenditure incidence
e)Crowding out effect
2)Differentiate between the following paired concepts:
a)Tax bouyancy and tax elasticity
b)Unit tax and Advalorem tax
c)Tax base and taxable capacity
d)Statutory tax incidence and economic tax incidence
e)Fiscal policy and monetary policy
3)Explain Karl Marx''s assertion that "from each according to his ability and to each according to his needs."
4)Why do most public investments in Kenya perform so poorly?
5)Briefly comment on the decreasing role of the public sector in Kenya''s economy.
6)What is your view towards debt rescheduling as part of the debt management policies in a developing country like Kenya?
7)Briefly explain the characteristics of a good tax.
8) i) With the help of a diagram,explain the tax incidence shifting processes.
ii)What factors determine such tax incidence shifting explained in (i) above
9)Explain the main factors affecting the effectiveness of the stabilization function of the budget.
10)What are the main limitations of the fiscal policy and the monetary policy in promoting the development process in a developing economy such as Kenya?

Econ 422:Public Finance And Fiscal Policy Question Paper

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