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Question 5 (4 marks) Read the following passage from a newspaper article: In his first 100 days in office, President Joe Biden has created large
Question 5 (4 marks) Read the following passage from a newspaper article: "In his first 100 days in office, President Joe Biden has created large waves in economic policy with his proposals for $ 6 trillion (or six lac crore) worth of stimulus and investment packages. In March, he proposed the $ 2.2 trillion American Jobs Plan to build and rebuild American infrastructure and provide better care for the elderly and children. In April, he followed with the American Families Plan of $ 1.8 trillion to provide public funds for universal pre-school, community college education, and tax cuts for lower-income households... (These will be) financed through higher corporate, capital gains, and income tax on the rich" Which concepts of the final exam syllabus is related to this passage? Discuss in detail. No need to draw diagrams
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