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| 1. |
Explain the importance of public finance |
| Answer» <html><body><p>Steady state economic growth:Government finance is important to achieve sustainable <a href="https://interviewquestions.tuteehub.com/tag/high-479925" style="font-weight:bold;" target="_blank" title="Click to know more about HIGH">HIGH</a> economic growth rate. The government <a href="https://interviewquestions.tuteehub.com/tag/uses-722152" style="font-weight:bold;" target="_blank" title="Click to know more about USES">USES</a> the fiscal tools in order to bring <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in both aggregate demand and aggregate <a href="https://interviewquestions.tuteehub.com/tag/supply-1235254" style="font-weight:bold;" target="_blank" title="Click to know more about SUPPLY">SUPPLY</a>. The tools are <a href="https://interviewquestions.tuteehub.com/tag/taxes-1239736" style="font-weight:bold;" target="_blank" title="Click to know more about TAXES">TAXES</a>, public debt, and public expenditure and so on.</p></body></html> | |