Question
Solution needs urgently. Question 1 (5 points) In times of prosperity (with high incomes and employment), governments at all levels have resources for high cost
Solution needs urgently.
Question 1 (5 points) In times of prosperity (with high incomes and employment), governments at all levels have resources for high cost infrastructure such as roads, hospitals, schools and for projects such as health care, social services, clean water etc. through taxation. Taxes and rules that governments impose on production sectors provoke some activism and cause many citizens to demand that the government influence should be minimal to none. When the economic fortunes reverse such as during collapse in commodity prices or due to a pandemic, the demand on government for help by providing large amounts of funds for stimuli and social/commercial support is loud and incessant. (a) Give a qualitative description of "Government Financial Investment" (or spending) in the y-axis versus "Level of Prosperity" of the population (related to the level of government revenue) in the x-direction on a plot. Explain your logic. (b) Provide two comments or insights about the characteristics of your plot.
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