Taxation is the process of imposing compulsory contribution on the private sector to meet the expenses which are incurred for a common good, that is, transfer payment process from the private sector (including the public) to the government with a view to financing public expenditure (such as provision of public and merit goods).
Wilfykil answered the question on February 6, 2019 at 12:18
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Briefly explain the types of budgets.
(Solved)
Briefly explain the types of budgets.
Date posted:
February 6, 2019
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Answers (1)
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Clearly explain the role of budgetary management in economic development
(Solved)
Clearly explain the role of budgetary management in economic development
Date posted:
February 6, 2019
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Answers (1)
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Suggest the possible measures that you would implement to contain unemployment problems in your
country
(Solved)
Suggest the possible measures that you would implement to contain unemployment problems in your
country
Date posted:
February 6, 2019
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Answers (1)
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Discuss the main causes of unemployment
(Solved)
Discuss the main causes of unemployment
Date posted:
February 6, 2019
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Answers (1)
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Define the term unemployment
(Solved)
Define the term unemployment
Date posted:
February 6, 2019
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Answers (1)
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Explain the concept of liquidity trap
(Solved)
Explain the concept of liquidity trap
Date posted:
February 6, 2019
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Answers (1)
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How do commercial banks "create credit?? What are the limitations to this credit creation?
(Solved)
How do commercial banks "create credit‟? What are the limitations to this credit creation?
Date posted:
February 6, 2019
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Answers (1)
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A central bank is largely referred by economists as the bank at the apex with monetary authority.
Clearly explain the major functions of a central bank.
(Solved)
A central bank is largely referred by economists as the bank at the apex with monetary authority.
Clearly explain the major functions of a central bank.
Date posted:
February 6, 2019
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Answers (1)
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You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment...
(Solved)
You are given the following information about the commodity and Money markets of a closed economy
without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment function:
I = 790 – 21r
The Money Market
Precautionary and Transactions demand for
money MDT = 1/6 Y
Speculative demand for money
MDS = 1200 -18r
Money supply
MS = 1250
Determine the equilibrium levels of income and interest rate for this economy
Date posted:
February 6, 2019
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Answers (1)
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What are the likely effects of an expansionary monetary policy in an economy?
(Solved)
What are the likely effects of an expansionary monetary policy in an economy?
Date posted:
February 6, 2019
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Answers (1)
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Explain the various motives of holding money.
(Solved)
Explain the various motives of holding money.
Date posted:
February 6, 2019
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Answers (1)
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Define Money and outline its major functions.
(Solved)
Define Money and outline its major functions.
Date posted:
February 6, 2019
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Answers (1)
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Briefly explain the multiplier and accelerator principles
(Solved)
Briefly explain the multiplier and accelerator principles
Date posted:
February 6, 2019
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Answers (1)
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The table below represents economic transactions for country XYZ in billions of shillings:
Calculate the Gross...
(Solved)
Calculate the Gross National Product of this economy using the value added approach.
Date posted:
February 6, 2019
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Answers (1)
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Why is it important to estimate National Income of a Country? What difficulties do economists
encounter while carrying out such a task particularly in developing countries?
(Solved)
Why is it important to estimate National Income of a Country? What difficulties do economists
encounter while carrying out such a task particularly in developing countries?
Date posted:
February 6, 2019
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Answers (1)
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Assume the following information represents the National Income Model of an "Utopian" economy.Y = C + I + GC = a + b(Y – T)T...
(Solved)
Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Find the equilibrium values of income, consumption and taxes.
Date posted:
February 6, 2019
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Answers (1)
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Assume the following information represents the National Income Model of an "Utopian" economy.Y = C + I + GC = a + b(Y – T)T...
(Solved)
Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
T = Taxes
I = Investment
G = Government Expenditure
Explain the economic interpretation of the parameters a,b,d and t.
Date posted:
February 6, 2019
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Answers (1)
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The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost...
(Solved)
The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms
What is the Marginal cost of the 12th Kilogram?
Date posted:
February 6, 2019
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Answers (1)
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The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost...
(Solved)
The total cost equation in the production of bacon at some hypothetical factory is
C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost measured in shillings, while Q = quantity measured in kilograms.
Compute the total and average costs at output level of 10 and 11 kilograms.
Date posted:
February 6, 2019
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Answers (1)
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Discuss some of the economic implications of a rising trend in the rural-urban migration and offer
policy recommendations to reverse it.
(Solved)
Discuss some of the economic implications of a rising trend in the rural-urban migration and offer
policy recommendations to reverse it.
Date posted:
February 6, 2019
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Answers (1)