Explain the effect on real GDP and jobs of the governments commitment to cut its budget deficit

Question:

Explain the effect on real GDP and jobs of the government’s commitment to cut its budget deficit over the next four years.

Jim Flaherty tabled a 2011 budget with a deficit for this year gradually falling to a surplus in 2015. Mr. Flaherty said the budget aims to find that balance between helping Canadian families and businesses and securing economic growth.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics Canada In The Global Environment

ISBN: 9780321931184

9th Edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: Dec 15, 2022 02:16 AM

See More Questions

What would be the effect on real GDP and jobs of the commitment to cut the deficit over the next four years?
What would be the effect on real GDP and total employment of each of the following changes? a. As a result of restrictions on imports into the United States, net exports (NX) increase. b. The federal...
In Problem 6, explain the effect on the optimal solution of changing the profit on a table from $100 to $500.
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for...
Generate a list of potential problems with teacher merit pay tied to classroom performance and then possible solutions to those problems.
The electrical potential of point A is 200 V higher than that of point B, and 30 C of charge per minute flows from A to b. Determine the current and power flow from A to B and the energy transferred...
Grete Corp. had the following foreign currency transactions during 2009: LO9 Purchased merchandise from a foreign supplier on January 20, 2009, for the U.S. dollar equiva lent of $60,000 and paid...
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each...
QT, Inc. and Elppa Computers, Inc. compete with each other in the personal computer market. QT assembles computers to customer orders, building and delivering a computer within four days of a...
Show that isomorphism of simple graphs is an equivalence relation.
After the first two months of the current fiscal year, Canadas deficit sits at $4.4 billion, compared with $7.5 billion in the same period of 2009 when the economy was still in recession. The...
What would be the effect of the budget deficit of 2011 on real GDP and jobs? Jim Flaherty tabled a 2011 budget with a deficit for this year gradually falling to a surplus in 2015. Mr. Flaherty said...
What is an IRC Sec. 527 organization? Are these organizations tax-exempt? What filing requirements have been imposed on 527 organizations by campaign finance laws?
Briefly explain the difference between a k-factor model and the capital asset pricing model
Refer to the cost data, Picture below. Take off the square feet of wall forms and cubic yards of ready mix concrete for the walls of the elevator pit. Determine the total material and labor cost for...
possible Submit quiz A researcher studies water clarity at the same location in a lake on the same dates during the course of a year and repeats the measurements on the same dates 5 years later. The...
A liquid hydrocarbon mixture was made by adding 295 kg of benzene, 289 kg of toluene and 287 kg of p-xylene. Assume there is no change of volume upon mixing, i.e., Vmix=0 , in order to determine: 1....
b) Maseru Development Bank has R850 million credit with Matsieng Hydroelectric Power, with a maturity of eighteen months. The expected loss for Maseru Development Bank is R22 million, and the...
Carry out the following steps. a. Verify that the given point lies on the curve. b. Determine an equation of the line tangent to the curve at the given point. x 2 + xy + y 2 = 7; (2, 1)
Use nodal analysis to determine voltages v1, v2, and v3 in the circuit Fig. 3.76. Figure 3.76 4 S 3i, 2 A 4A
Calculate consumption expenditure at each level of disposable income. Over what range of disposable income is there dissaving? Estimate the level of disposable income at which saving is zero. The...
Find the value of Q, R, S, T, U, and V. The table shows real GDP, Y, the components of planned expenditure, and aggregate planned expenditure (in millions of dollars) in an economy in which taxes are...
Find the value of Q, R, S, T, U, and V. The table shows real GDP, Y, the components of planned expenditure, and aggregate planned expenditure (in millions of dollars) in an economy in which taxes are...
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...

Explain the effect on real GDP and jobs of the governments commitment to cut its budget deficit

Question:

Step by Step Answer:

The effect of this commitment to cut the budget def...View the full answer

Microeconomics Canada In The Global Environment

Students also viewed these Business questions