<span>After gaining independence from Britain, Ghana's economy languished for three decades. These was there because of continuous coups that took place within the Ghana economy. The Ghana experience teaches us that economic and political systems and economic growth are related together. If any of the pillar falls, then other two pillars also cannot stand on its own and they two will also fall eventually.</span>
Answer:
The Federal government essentialy tries to balance the economy: when the economy is strong, it implements policies to keep it from overheating, and when the economy is weak, it tries to boost the economy.
It also uses policy to reduce poverty, wealth and income inequality, and to promote employment.
Two specific federal policies are:
- Social Security and Medicare, which gives health insurance to poor and old people, and has the goal of reducing inequality, and helping those in need.
- Federal spending programs on infraestructure, with the goal of reducing unemployment, and improving the economy by updating American infraestructure.
Answer: A) High income intake versus debt
Explanation: Having a high income to debt ratio is actually good for an economy, boosting the GDP and ensuring a debt crisis doesn't occur. The Soviet Union, however had the opposite, with a high debt to income ratio.
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