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Balance Multiplier
If Govt simultaneously raises taxes and spending, economy is stimulated, and unemployment is reduced
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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
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Taxation
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Business cycle
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Demand
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Graph of this discussion
Graph of this discussion☜Click this to see the whole debate, excluding comments, in graphical form☜dcdcdc
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Entered by:-
Richard Lawson
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Entry date (GMT):
8/30/2012 11:58:00 AM
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8/30/2012 11:58:00 AM
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