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If taxes are reduced , will most people save more or less than before ? Does national saving rise or fall? Explain .
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- If taxes are increased, will most people save more or less than before? Does national saving rise or fall? Explain.How does tax cuts encourage saving and investmentThe savings rate in a country is 25%. The government wants to expand GDP by $300 Billion. How much must they increase Government spending to reach that goal?
- How do we reduce the national debt and stimulate business growth?Do tax cuts increase economic growth and taxable income so much that tax revenue increases?Explain why the government might prefer to provide incentives to private firms to do investment or research and development, rather than simply doing the spending itself?
