ECON 1115 Lecture Notes - Lecture 27: Gross Receipts Tax, Deficit Spending, Currency Intervention
19 Nov 2015
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Econ 1115 - lecture 27 - barron"s magazine economic discussion. Goods are going to flow towards the usa from china. He wants to head towards the great depression. This will lead to trade war: donald trump is trying hard to look presidential these days, however, of course, is best remembered as having been president during the stock. A gross receipts tax has a pyramid effect that increases the actual taxable percentage as it passes through the product or service life-cycle. Read the above article for tomorrow"s quiz. The data was highly anticipated by the bond and currency market. The total budget deficit today is 18 trillion dollars. Cyclical deficit: a federal budget deficit that is caused by a recession and the consequent decline in tax revenues. Political business cycle: the alleged tendency of congress to destabilize the economy by reducing taxes and increasing government expenditures before elections and to raise taxes and lower expenditures after elections.
