ECONOMICS
INFLATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Revenue, debt management and expenditure policy
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Contractionary and expansionary policy
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Revenue policy, taxation and expenditure policy
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Discount rate and quantitative easing
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Detailed explanation-1: -The correct answer is Tax, Public Expenditure, and Public Debt.
Detailed explanation-2: -There are three components of the Fiscal Policy of India: Government Receipts. Government Expenditure. Public Debt.
Detailed explanation-3: -Fiscal policy has four elements: tax policy, the profits of state-owned enterprises, other revenues, and government expenditure policies. The state influences the level of the national output primarily by controlling tax revenue and expenditures, but the methods for doing each is different.
Detailed explanation-4: -In the Philippines, fiscal policy is primarily undertaken by the Department of Budget and Management and Congress in the budget formulation process; the Department of Finance in its taxation functions; and the various government departments and agencies in their execution of the budget.
Detailed explanation-5: -Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.