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i) Explain why public debt is incurred by a country ii) Discuss what tax incidence is, is it different from tax shifting? iii) Explain
i) Explain why public debt is incurred by a country ii) Discuss what tax incidence is, is it different from tax shifting? iii) Explain with applicable example what a tax burden is. [8marks] [7marks] [5marks]
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i Public debt is incurred by a country when the government spends more money than it takes in throug...
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
