Understanding and doing some critical thinking on Government Finance is important to all finance students. Accordingly, this
Question:
Understanding and doing some critical thinking on Government Finance is important to
all finance students. Accordingly, this assignment will require some research work and
some critical thinking on assessing the situation and what you would do about it, if you
were responsible for solutions.
Please answer the questions below. Submit the assignment in Word, Times New Roman
Font, 12 Pts. Do not exceed 1500 words. Remember to properly cite your references and
or footnote appropriately all information found. Use proper sources and remember, web
sites such as Investopedia, Wikipedia etal. are not proper sources.
Requirement:
Complete the questions below:
1. What is the accumulated surplus/deficit of the Federal government?
2. What is the accumulated surplus/deficit of the Ontario Provincial government?
3. What is the projected annual surplus/deficit of the Federal Government?
4. What is the projected annual surplus/deficit of the Ontario Provincial
government?
5. Calculate the per capita benefit (if surplus) or debt (if deficit), for each citizen of
Ontario of the combined accumulated surpluses or deficits of both the Federal and
Ontario Provincial Governments. (Show your calculation)
6. What are the implications to the citizens for the future, of the surplus or deficit?
7. If you indicated a surplus, recommend and explain a proposal you would proffer
as to how each citizen in Ontario receive the benefit? If you indicated a deficit,
recommend and explain a proposal you would proffer as to how each citizen
would pay for their personal portion.
8. Calculate the comparable per capita amount for the United States. Briefly, are
Canadians in a better relative position? Explain your conclusion.
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne