How did or would each action affect the current public debt and implicit liabilities of the Canadian

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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.

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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