How did or would each action affect the current public debt and implicit liabilities of the Canadian
Question:
How did or would each action affect the current public debt and implicit liabilities of the Canadian government?
a. In Budget 2016, the federal government created the Canada Child Benefit (CCB) to replace a number of older federal benefits targeted to families with young children. This new benefit increased federal transfers to eligible families with children by about $5 billion per year.
b. OAS for future retirees is limited to those with low incomes.
c. Because the cost of health care is increasing faster than the three-year moving average of nominal GDP growth rate, the Canada Health Transfer is increased by the annual increase in health care costs rather than the three-year moving average of nominal GDP growth rate.
Step by Step Answer:
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson