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Lilit [14]
3 years ago
7

The economy’s output, real GDP, has drastically dropped. What are the possible fiscal policy solutions to return the real GDP to

its higher production level? g
Business
1 answer:
Misha Larkins [42]3 years ago
6 0

Answer:

1. decrease taxes

2. increase government spending

Explanation:

GDP stands for Gross Domestic Product. It is a country total produces in terms of services and goods in an fiscal year or financial year.

According to the question, if the real GDP drops, then a fiscal policy to increase the GDP, the Government should decease the taxes as it will motivate the workers and the employees to work more to increase the products.

Also increasing the spending of the Government in the form of subsidies so that output will increase.

Therefore, the possible fiscal solutions to make the real GDP rise to a higher level are  :

1. decrease taxes

2. increase government spending

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4 years ago
Which of the following individual characteristics is protected by many state employment laws but NOT by U.S. federal law? a. Men
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7 0
3 years ago
The purpose of economic systems is _____.
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8 0
4 years ago
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Answer:

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Explanation:

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Values calculated as shown in my detailed step by step answer at the attachment.

please kindly refer to attachment.

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