Automatic Stabilizers

AT – Nov 2024 – L3 – Q3c – Automatic Stabilizers vs Discretionary Fiscal Policies

Explain the difference between automatic stabilizers and discretionary fiscal policies with examples.

Question

Some commentators in Ghana have argued that economic policymakers should allow automatic stabilizers to shape and direct the destiny of the economy rather than discretionary fiscal policies since the latter has failed woefully.

Required:
Distinguish between automatic stabilizers and discretionary fiscal policies as economic tools. Illustrate with examples.

Answer

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Tags: Automatic Stabilizers, Discretionary Fiscal Policies, Economic Policy, Fiscal Policy, Taxation
Level: Level 3

Topic: Tax planning
Series: Nov 2024

PT – Nov 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the types of fiscal policies and their effects on economic fluctuations and government revenue.

Question

Countries worldwide experience fluctuations in economic activity, which affects the consistency in government revenue generation. For example, when income levels are high, all other things being equal, tax revenue rises. Conversely, when income levels fall, tax revenue drops, requiring government policies to address the fluctuations. Governments, therefore, employ expansionary and contractionary fiscal policies to moderate the effects of such fluctuations.

Required:
Explain the following forms of fiscal policy:
i) Automatic Stabilisers
ii) Discretionary Fiscal Policy

Answer

Find Related Questions by Tags, levels, etc.

Tags: Automatic Stabilizers, Discretionary Fiscal Policy, Economic Activity, Fiscal Policy, Government Revenue
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: NOV 2021

TF – May 2018 – L3 – Q1c – Tax planning

Explain automatic stabilizers and discretionary fiscal policies.

Question

The decision to change the level, composition, or timing of government expenditure or to vary the burden, the structure, or frequency of tax payment is a fiscal policy. Fiscal policies could be automatic stabilizers or discretionary.

Required:
Explain automatic stabilizers and discretionary fiscal policies.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Automatic Stabilizers, Discretionary Policy, Fiscal Policy, Government Spending
Level: Level 3

Topic: Fiscal Policy
Series: MAY 2018

AT – Nov 2024 – L3 – Q3c – Automatic Stabilizers vs Discretionary Fiscal Policies

Explain the difference between automatic stabilizers and discretionary fiscal policies with examples.

Question

Required:
Distinguish between automatic stabilizers and discretionary fiscal policies as economic tools. Illustrate with examples.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Automatic Stabilizers, Discretionary Fiscal Policies, Economic Policy, Fiscal Policy, Taxation
Level: Level 3

Topic: Tax planning
Series: Nov 2024

PT – Nov 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the types of fiscal policies and their effects on economic fluctuations and government revenue.

Question

Required:
Explain the following forms of fiscal policy:
i) Automatic Stabilisers
ii) Discretionary Fiscal Policy

Answer

Find Related Questions by Tags, levels, etc.

Tags: Automatic Stabilizers, Discretionary Fiscal Policy, Economic Activity, Fiscal Policy, Government Revenue
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: NOV 2021

TF – May 2018 – L3 – Q1c – Tax planning

Explain automatic stabilizers and discretionary fiscal policies.

Question

Required:
Explain automatic stabilizers and discretionary fiscal policies.
(5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Automatic Stabilizers, Discretionary Policy, Fiscal Policy, Government Spending
Level: Level 3

Topic: Fiscal Policy
Series: MAY 2018

Question Tag: Automatic Stabilizers

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AT – Nov 2024 – L3 – Q3c – Automatic Stabilizers vs Discretionary Fiscal Policies

Explain the difference between automatic stabilizers and discretionary fiscal policies with examples.

PT – Nov 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the types of fiscal policies and their effects on economic fluctuations and government revenue.

TF – May 2018 – L3 – Q1c – Tax planning

Explain automatic stabilizers and discretionary fiscal policies.

AT – Nov 2024 – L3 – Q3c – Automatic Stabilizers vs Discretionary Fiscal Policies

Explain the difference between automatic stabilizers and discretionary fiscal policies with examples.

PT – Nov 2021 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explain the types of fiscal policies and their effects on economic fluctuations and government revenue.

TF – May 2018 – L3 – Q1c – Tax planning

Explain automatic stabilizers and discretionary fiscal policies.

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