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🔎
Balance Multiplier
Issue
1
#220157
If Govt simultaneously raises taxes and spending, economy is stimulated, and unemployment is reduced
CONTEXT
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UK economic problems »
UK economic problems
UK economic problems☜UK GDP (2010) £1410 bn. National debt £850 bn, 60% of GDP. (Context: Japans debt is 194% of GDP, Italy is 100% of GDP). £107 bn is due to banks bailout 2009. Annual borrowing is 12% of GDP. 1/6th of borrowing is to service the National Debt.☜F1CEB7
▲
Government Spending »
Government Spending
Government Spending☜☜FFB597
▲
Taxation »
Taxation
Taxation☜☜FFB597
▲
Economic Activity »
Economic Activity
Economic Activity☜☜FFB597
■
Balance Multiplier
Balance Multiplier☜If Govt simultaneously raises taxes and spending, economy is stimulated, and unemployment is reduced☜FFB597
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Entered by:-
Richard Lawson
NodeID:
#220157
Node type:
Issue
Entry date (GMT):
8/30/2012 11:58:00 AM
Last edit date (GMT):
8/30/2012 11:58:00 AM
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