Government can affect the process of capital deepening and therefore GDP. Many economists argue that runaway government deficits are eating

Government can affect the process of capital deepening and therefore GDP. Many economists argue that runaway government deficits are eating up an ever-larger amount of personal capital through taxing thereby impeding the market’s ability to grow. They suggest that government spending MUST be reduced. Others argue that government can increase GDP through greater taxing and spending. Which position would you support and why

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