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Taxation is the process of imposing compulsory contribution on the private sector to meet the expenses which are incurred for a common good, that is, transfer payment process from the private sector (including the public) to the government with a view to financing public expenditure (such as provision of public and merit goods).
Wilfykil answered the question on February 6, 2019 at 12:18
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Date posted: February 6, 2019. Answers (1)
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The commodity market
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without government intervention.
The commodity market
Consumption function:
C = 50 + 2/5Y
Investment function:
I = 790 – 21r
The Money Market
Precautionary and Transactions demand for
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Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
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G = Government Expenditure
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Date posted: February 6, 2019. Answers (1)
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Assume the following information represents the National Income Model of an „Utopian? economy.
Y = C + I + G
C = a + b(Y – T)
T = d + tY
I = IO
G = GO
Where a > O; O < b < 1
d > O; O < t < 1
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I = Investment
G = Government Expenditure
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Date posted: February 6, 2019. Answers (1)
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Date posted: February 6, 2019. Answers (1)
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C = 1000 + 100Q – 15Q2 + Q3
Where C = Cost...(Solved)
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Where C = Cost measured in shillings, while Q = quantity measured in kilograms.
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