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Deficit Essay Topics & Paper Examples

European Union and the Growth and Stability

Since its external crisis of the early nineties, India has witnessed a turnaround on most indicators of macro-economic performance. The process of economic reform, including widespread liberalization and reduction in protectionism, launched in 1991, and steadily pursued thereafter has yielded positive results by eliminating some longstanding structural rigidities, and created potential for higher growth. Over the last decade or so India has made transition from an onerous trade regime to a market-friendly system encompassing both trade and current payments. Despite a decade of economic reform, there is still persistence of huge fiscal and revenue deficit thereby widening the gap between revenue and expenditure, forcing the political thinkers to enact a law for fiscal correction and ultimately during 2003-04, the Fiscal…

Water shortages in urban areas

An analysis of the “Impacts of water rationing on public health”: Case study of Makokoba, Bulawayo Introduction Zimbabwe local governance is made up of a system of city councils and municipalities which are mandated to provide water and sanitation services and goods to their respective residents. This system has been effective during the colonial era where the urban areas were less populated than there are at the present moment. The Zimbabwe post-independence period has seen a large influx of people into the urban areas. The population growth in urban areas meant that most city councils and municipalities are failing to cope with the water demand. The major reason is that the rate of population increase in urban areas is by…

Efforts to Reduce the Budget Deficit

In view of these possible surprises, fiscal adjustment plans must thus be designed in a way that makes them sufficiently flexible to accommodate the impact of shocks, but also sufficiently resilient so as to preserve their medium-term fiscal consolidation objectives even when the underlying economic environment turns out differently than initially expected, Mauro (2011). According to Amacher & Pate (2012), between 1980 and 1993, budget deficits grew steadily in dollar terms, and the size of the national debt tripled. Since 2003, the public debt has grown by more than $500 billion each year; as of July 2012, nominal U.S. GDP was $15,880 billion. The most striking change, however, was in the ratio of debt to GDP. That ratio reached a…

Government debt

When hearing the word “debt” many individuals may cringe to the sound of the word. The United States debt has increased tremendously in the past few years with a record 10.7 trillion in 2008. The debt continues to grow year after year making taxpayers poorer and foreign holders of the United States bonds richer. The more increase on expenditures and less GDP the United States generates will cause interest rates to go up to pay for bonds exchanges. Future generations will not be able to carry on the burden of debt because lack of knowledge and not enough time to decrease it. The Introduction of Debt Burden Debt Burden can be a stressful issue nowadays. When one think about debt…

Economy’s production possibilities

Problem Set 2 Complete all questions listed below. Clearly label your answers 1. What impact would a change that shifts an economy’s production possibilities curve outward have on the long run aggregate supply curve? How have improvements in computer technology affected production possibilities and the long run aggregate supply curve? Explain Answer: Growth of population and the labor-force participation rate Capital accumulation Improvements in technology 2. Construct the AD, SRAS, and LRAS curves for an economy experiencing: (a) full employment, (b) an economic boom, and (c) a recession. (Graphs can be hand drawn or done by computer; label all curves and axes clearly.) a=full employment; b=boom; c= recession 3. What is a budget deficit? How are budget deficits financed? Why…