MBA 501 Final Exam (Exam 4) 1. Differentiate between the Federal deficit and the Federal debt. The Federal deficit is an annual concept referring to the shortfall between Federal revenues and expenditures in one year’s budget. The Federal debt is the accumulation of borrowing which results from the series of deficits minus any surpluses. 2. Adam Smith once wrote: “What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom.” Evaluate in terms
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the “shock” to government spending would have on both the overall economy and the specific components of GDP. The reduction in state and local government spending was spurred by an overall reduction in tax collections. The government decided to reduce spending as a result. What is not initially clear is why there was a reduction in tax revenues, but there are several possibilities. The reduction in tax revenue could be due to fiscal policy changes, where the population was taxed at a lower rate
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What policies and programs were developed in the past to deal with the problem? Policies that were developed in the past to deal with the same problem of limited and reluctant healthcare coverage include the Medicare (1965), Consolidated Omnibus Budget Reconciliation Act (1985) Health Insurance Portability and Accountability Act (1996) and the Massachusetts Health Care Insurance Reform Law (2006). Very notable is the Massachusetts Health Care Insurance Reform Law as it was described as the model
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means that not many people have access to a medical insurance. Despite the government’s effort to help seniors and poor people with Medicare and Medicaid, it is not enough, millions of people are still living without medical coverage. And if they can afford it, it has low quality service or they might get discriminated according to the insurance company’s interests. Obamacare’s position would be to reduce that number, and try to give access to as many as possible together with the possibility
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countries borrowed to finance their current account deficit. Such borrowing was geared towards boosting the level of economic growth and development. By 1980s, the developing countries’ debt had accumulated and the international financial institutions from this period started to provide both technical and financial debt-management assistance to debtor countries. However, this effort still aimed at fostering economic growth, was also equally meant to reduce both debt burdens and poverty level of these
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Assignment Week Case 6B BUS 630 Managerial Accounting Appendix Cash Budget for Fourth Quarter Information based from interim balance sheet dated September 30th. October November December Begin Cash Expected Receipts Cash Sales 826800 868200 911600 *40% paid month Following billing 25% pays same month NO cash discount 30% is collected In second month after billing- Remainder
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fiscal policy, and economic reforms. India’s fiscal situation: a brief prelude Broadly, during the first 30 years of independence, between 1950 and 1980, the fiscal deficits of both the central and the state governments were not excessive. This was a period of revenue surplus in general. However, automatic monetisation of government deficit by the RBI, which started as an exception during the
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Ever since it was introduced, Obamacare, or the Affordable Care Act, has been the subject of much discussion. As is the case with any legislature, it has received opposition and proponents. The Affordable Care Act has brought many benefits as well as small problems to Americans. However, due to the advantages that Obamacare has brought to the American people, especially those living under the poverty line, it should not be repealed by the new presidential administration. Obamacare brought many
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intrinsically diverse European economies, ranging from moderate command-and-control orientation to heavy market influence, defy conglomeration and governance with a single currency. The uniform currency experience has ended in disaster. Because the Euro Zone effort to implement a homogenous monetary policy in a heterogeneous international body is economically untenable, the Euro as a currency will collapse. In 1986, European countries gathered together to initialize the ‘perfectly integrated competitive market
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prevent similar problems in the future. The members of PIIGS felt displeasure at the negative allusions and some have deny the use of the term altogether. Though each member has already caught media’s attention, many organizations have tried hard to reduce or get rid of the infamy itself due to its negative implication. While some of their individual GDP growth rates are impressively out of everyone’s expectation, most of it was financed, leaving these countries with heavy debt burdens. II. Overview
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