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Drupady [299]
2 years ago
7

Identify at least one cost and one benefit of using fiscal policy as a tool to pursue the goal of economic growth. Short respons

e please
Business
2 answers:
sertanlavr [38]2 years ago
7 0

Answer: The cost is the increase in personal income tax rate, The benefit is the control of level of demand in the economy

Explanation:

Fiscal policy is the economic policy which has to do with the raising of revenue through taxation and other means and deciding on the level and pattern of expenditure. The fiscal policy is the responsibility of the executive branch of government handled by the ministry of finance. The fiscal policy can either be a expansionary fiscal policy or contractionary fiscal policy. It is expansionary when the expenditure is channelled towards the provision of capital projects aimed at increasing the level of liquidity in the economy. It can be a contractionary fiscal policy when the personal income tax rate is increased aimed at reducing the ability of people to buy more goods and services in the economy. Therefore, we can conclude the use of fiscal policy as a tool to pursue the goal of economic growth is to ensure that through the level and pattern of budgetary provisions and the means of financing the government can control the level of demand in the economy

scoray [572]2 years ago
4 0

Answer: the cost is the increase in personal income tax rate, The benefit is the control of level of demand in the economy

Explanation:

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One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5 percent, paid semiannually, and a fa
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Answer:

option (C) - 6.11%

Explanation:

Data provided :

Coupon rate one year ago = 6.5% = 0.065

Semiannual coupon rate = \frac{0.065}{2} = 0.0325

Face value = $1,000

Present market yield = 7.2% = 0.072

Semiannual Present market yield, r = \frac{0.072}{2} = 0.036

Now,

With semiannual coupon rate bond price one year ago, C

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= $32.5

Total period in 15 years = 15 year - 1 year = 14 year

or

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Therefore,

The present value = C\times[\frac{(1-(1+r)^{-n})}{r}]+FV(1+r)^{-n}

= \$32.5\times[\frac{(1-(1+0.036)^{-28})}{0.036}]+\$1,000\times(1+0.036)^{-28}

or

= $32.5 × 17.4591 + $1,000 × 0.37147

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Hence,

The percent change in bond price = \frac{\textup{Final price - Initial price}}{\textup{Initial price}}\times100\%

= \frac{\textup{938.89-1,000}}{\textup{1,000}}

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the correct answer is option (C) - 6.11%

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