Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In one of your lectures, you heard your teacher saying that the government of a country is usually a net demander of funds. You felt

In one of your lectures, you heard your teacher saying that the government of a country is usually a net demander of funds. You felt extremely disappointed to know this and wanted to tell your teacher that he may be incorrect in his assertion. After all, the government pays salaries to so many people in the public service. It also takes care of the citizens through numerous projects like roads, hospitals, schools, utilities like electricity and water and many more public welfare activities. In a way therefore, the government releases funds in billions of dollars so that the country can run efficiently and productively. In your opinion the government supplies more than it takes. Your teacher Prof. Leonard appears to be an arrogant man and you would rather discuss this confusion with one of your classmates whom you are close with and whom you think has a natural aptitude towards economics and finance. His name is Gordon. Briefly narrate how Gordon would remove your confusion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Econometrics For Finance

Authors: Chris Brooks

2nd Edition

052169468X, 9780521694681

More Books

Students also viewed these Finance questions

Question

1. In taxonomy which are the factors to be studied ?

Answered: 1 week ago

Question

1.what is the significance of Taxonomy ?

Answered: 1 week ago

Question

What are the advantages and disadvantages of leasing ?

Answered: 1 week ago

Question

Name is needed for identifying organisms ?

Answered: 1 week ago