2. Fiscal policy is a policy that the government uses to manage/direct the economy to a better or desirable condition by
Posted: Wed Jul 06, 2022 6:29 pm
2. Fiscal policy is a policy that the government uses tomanage/direct the economy to a better or desirable condition bychanging revenues and government spending. In macroeconomic theory,government revenue is assumed to be comes from taxes (T), while theexpenditure is assumed to be from government spending (G). Fiscalpolicy can be in the form of expansionary and contractionary fiscalpolicy. Expansive fiscal policy is a policy that aims to increaseoutput / economic growth. On the contrary, Contractive fiscalpolicy aims to reduce the economy's output. Therefore, the policyfiscal policy is also an instrument of government stability. Payattention to Table 2. below:
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Question 2:It would be even better if your analysis was added with other data& indicatorswhich supports.
2.a. Pay attention to Table 2. above. What can you conclude?Describe your analysis.2.b. Based on your analysis of answer (2.a). What is the impact onincome andgovernment spending?2.c. According to your analysis (2.b), what can the government doto deal with this?
No 1 GDP at Current Prices 2 Central Tax Revenue (trillion) Description 3 Natural Resources Tax Revenue (Trillion): oil and gas & mineral and coal mining Central Tax + Natural Resources Tax on GDP 4 Year 2013 2014 2016 2017 2010 2011 2012 2015 6,864.13 7,831.73 8,615.70 9,546.13 10,569.71 11,526.33 12,406.77 13.588.8 722.54 873.85 980.51 1,074.55 1,146.87 1,240.42 1,284.97 1,343.53 165.38 209.86 221.70 222.25 236.18 95.85 12.90 14.00 13.60 13.10 11.60 13.80 59.85 105.60 10.80 10.70
No 1 2 3 Description GDP at Current Prices Central Tax Revenue (trillion) Natural Resources Tax Revenue (trillion): oil and gas & mineral and coal mining 4 Central Tax + Natural Resources Tax on GDP Source: Ministry of Finance, from various sources, 2022 Year 2018 2019 14,838.31 15,833.94 1,518.80 1,332.10 172.63 160.07 11.4 9.4
- 2 Fiscal Policy Is A Policy That The Government Uses To Manage Direct The Economy To A Better Or Desirable Condition By 1 (28.49 KiB) Viewed 22 times
- 2 Fiscal Policy Is A Policy That The Government Uses To Manage Direct The Economy To A Better Or Desirable Condition By 2 (33.52 KiB) Viewed 22 times
2.a. Pay attention to Table 2. above. What can you conclude?Describe your analysis.2.b. Based on your analysis of answer (2.a). What is the impact onincome andgovernment spending?2.c. According to your analysis (2.b), what can the government doto deal with this?
No 1 GDP at Current Prices 2 Central Tax Revenue (trillion) Description 3 Natural Resources Tax Revenue (Trillion): oil and gas & mineral and coal mining Central Tax + Natural Resources Tax on GDP 4 Year 2013 2014 2016 2017 2010 2011 2012 2015 6,864.13 7,831.73 8,615.70 9,546.13 10,569.71 11,526.33 12,406.77 13.588.8 722.54 873.85 980.51 1,074.55 1,146.87 1,240.42 1,284.97 1,343.53 165.38 209.86 221.70 222.25 236.18 95.85 12.90 14.00 13.60 13.10 11.60 13.80 59.85 105.60 10.80 10.70
No 1 2 3 Description GDP at Current Prices Central Tax Revenue (trillion) Natural Resources Tax Revenue (trillion): oil and gas & mineral and coal mining 4 Central Tax + Natural Resources Tax on GDP Source: Ministry of Finance, from various sources, 2022 Year 2018 2019 14,838.31 15,833.94 1,518.80 1,332.10 172.63 160.07 11.4 9.4