ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taxing
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Profit Sharing
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Government Spending
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None of the above
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Detailed explanation-1: -The correct answer is Supply of money in the economy. The supply of money in the economy does not form part of the fiscal policy of a country. Fiscal policy is the use of government revenue collection (mainly taxes but also non-tax revenues such as divestment, loans) and expenditure (spending) to influence the economy.
Detailed explanation-2: -The three main components of the Fiscal Policy of any country are – government receipts (revenue and capital), government expenditure (revenue and capital) and public debt.
Detailed explanation-3: -There are three types of fiscal policy. They are neutral policy, expansionary policy, and contractionary policy.
Detailed explanation-4: -There are three types of fiscal policy.They are neutral policy, expansionary policy, and contractionary policy.