The federal government of Canada released it's fiscal plan for
2020-21 this week. I would like...
The federal government of Canada released it's fiscal plan for
2020-21 this week. I would like you comment on the specific policy
tools or strategies that the government is planning to use to help
an economic recovery.
The federal government of Canada released it's fiscal plan for
2020-21 this week. I would like you to comment on the specific
policy tools or strategies that the government is planning to use
to help an economic recovery. Canada’s COVID-19 Economic Response
Plan is delivering swift and significant support to Canadians.
The Canada Emergency Wage Subsidy is helping about 3 million
workers keep their jobs. The Canada Emergency Response Benefit
(CERB) is helping 8 million Canadians pay their bills.
The...
The federal government of Canada released it's fiscal plan for
2020-21 this week. comment on the specific policy tools or
strategies that the government is planning to use to help an
economic recovery
On July 8, 2020, Canada’s federal government released their
“fiscal snapshot”, detailing the expected $343 Billion deficit,
with $212 Billion linked directly to government spending programs
to counter the worst economic hardships brought on by lockdowns in
response to COVID. In a time of historically low interest rates, in
response to the COVID pandemic and crisis, the government launched
programs to make up for lost labour income, and to stimulate the
faltering economy. Critics like the Canadian Chamber of Commerce...
As you might of heard the new republican tax plan was
recently released. I would like you to comment on the effect
or lack of effect the public policy cycle has had on the
development of these new tax proposals. In your opinion, was
there enough time and resources devoted to developing the
policy? Discuss in some depth with reasons why or why
not.
Last week, Canada announced that they would launch a pilot
program that would set up ATM-like vending machines to dispense
hydromorphone to those who are addicted to opioids. Many see this
intervention as a novel and potentially unconventional way to
address the problems with opioid abuse. Please read the article
here before responding. I would like to know your thoughts on this
approach. What are the risks and benefits? Do you believe that this
approach will be effective?
The federal government would like to test the hypothesis that
the standard deviation for the age of men filing for Social
Security is higher than the standard deviation for the age of
women. The following table summarizes sample statistics from each
population.
Women
Men
Sample standard deviation
2.4 years
3.4 years
Sample size
24
20
The test statistic for this hypothesis test would be
________.
2.01
4.87
5.60
7.74
A chocolate chip cookie producer claims that its cookies average
3...
The
federal government ran a deficit of $3.1 trillion in fiscal year
2020, more than triple the deficit for the fiscal year 2019. This
year's deficit amounted to 15.2% of GDP, the greatest deficit as a
share of the economy since 1945.
Is
this budget deficit a serious problem? If it is yes, how would you
propose lowering it? If no, then explain why?
You plan to retire in 21 years. You would like to maintain your
current level of consumption which is $38,591 per year. You will
need to have 25 years of consumption during your retirement. You
can earn 5.6% per year (nominal terms) on your investments. In
addition, you expect inflation to be 4.32% inflation per year, from
now and through your retirement. How much do you have to invest
each year, starting next year, for 7 years, in real terms...
How would an IS curve shift if (a) the federal
government initiates a fiscal stimulus package? (b) the propensity
to consume of households increases and businesses choose to build
more capital via investment? (c) if the money supply increases?
You plan to retire in 21 years. You would like to maintain your
current level of consumption which is $56,738 per year. You will
need to have 21 years of consumption during your retirement. You
can earn 4.76% per year (nominal terms) on your investments. In
addition, you expect inflation to be 2.2% inflation per year, from
now and through your retirement.
How much do you have to invest each year, starting next year,
for 8 years, in nominal terms...