Fiscal Policy Simulation <Tab/>The simulation is assigned to familiarize one with the tools of fiscal policy that government uses to keep economy moving ahead. The simulation covers fiscal policy the impact of a change in government spending or taxation on the real Gross Domestic Product (GDP) and aggregate income of the economy The Effects of the Changes The effects of the changes vary. Since the multiplier and level of income …
showed first 75 words of 217 total

showed last 75 words of 217 total
…in this simulation. Apply simulation to real world As state and local governments expand efforts to promote economic development, A more successful approach to economic growth may involve raising taxes in order to better provide essential public services such as schools, education, and health care. The simulation shows how the economy is better when more money is spent to educate and provide jobs for the locals. Growing Further results for the assessment Print outs attached.