Laffer curve - Study guides, Class notes & Summaries

This document goes over taxation: -The different types of tax: direct/indirect, progressive, regressive etc. -Effects of changes in tax with relevant diagrams

This is a well defined summary for development economics and government policy that affect development. Contents include: - Introduction to economic development - Economic growth vs development - Common characteristics of developing countries - Measures of economic development -Factors influencing growth and development -Measures of income inequality -The poverty cycle -Policies to redistribute income and wealth -The Laffer curve -Strategies and policies that influence development a...

Consider the following model i) C = 1500 mpc (Y - tY) ii) I = 800 iii) G = 500 iv) X - M = 500 - mpi (Y) where: t = the (flat) tax rate mpc = the marginal propensity to consume mpi = the marginal propensity to import suppose mpc = .80, t = .25, mpi = .2 Given the information above, solve for the equilibrium output: We know that the formula for the (government) spending multiplier is 1/(1-mpc(1-t) mpi). The value of the government spending multiplier in this problem is: Round to 2 decimal pl...

Edexcel Economics summary 4.5 Role of the state in the macroeconomy A/A* summarised specification points can be used for multiple choice question,4,5,8,10,12,15 and 25 markers

This 10 page review covers chapters 5, 9 and 10 of Stephen D. Williamson, Macroeconomics, Sixth Edition textbook. With this overview I made a 90 on the exam! It breaks the notes down perfectly in a highly visual manner by definitions and models, so you will be able to connect basic properties of intermediate macroeconomics to real-world problems: and ace your next exam! The summaries provide an overview of important definitions/equations including: -A concise overview page perfect for an open-...