Question: The UK government has introduced a series of tax cuts to try to stimulate economic growth. The current debt to GDP ratio for the
The UK government has introduced a series of tax cuts to try to stimulate economic growth. The current debt to GDP ratio for the UK is 95%. Explain, using relevant equations, what the impact of these tax cuts are likely to be on government debt. *debt to GDP
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The impact of tax cuts on government debt depends on several factors including the size of the tax c... View full answer
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