Do questions 3 and 4

FEDERAL BUDGET ASSIGNMENT (2022) Introduction Government plays a major role in the economy in this country. The federal government's annual budget is the single most important statement of economic fiscal policy. Fiscal policy is the name given to any government program or policy that deals with how the government raises or spends its revenue. Currently, the entire world is dealing with a pandemic that began over 2 years ago, resulting in extremely challenging times. Families and businesses are struggling and therefore the previous budgets needed some important adjustments. OBJECTIVES: - Think about how government is involved in your life - Identify exactly what the Federal Finance Minister put in the budget - Analyze the reason for, and the economic goals achieved by, each change - Suggest any changes you would make if you were the Finance Minister INSTRUCTIONS: With a partner, or independently, answer the following questions: 1. Identify specific ways in which the government is involved in your life and your family's life in an economic way. ( K/U 5) 2. What economic goals could the government help the economy to achieve? What do you think should be the current priorities for the federal government in terms of goals and key areas for attention and focus? ( T / /L 5) 3. In what ways is the federal government able to change its fiscal policy? (C 3) 4. Analyze the budget using the grid below. In the first column, note the change, giving specifics. In the second column, note what the government hopes to achieve with this change. In the third column, analyze which economic goal(s) this measure will help to achieve. Add two more