The importance of the government safety net and its types such as deposit insurance in the economy of the country. Concept Introduction: Government Safety Net: For the purpose of providing assistance to the low-income level Americans, the government has taken necessary steps such as special programs to provide the basic requirements such as housing facilities and food. Deposit Insurance: To reduce the uncertain scenarios of the depositors, the deposit insurance is one of the concepts being introduced in the banking sector. Banks could repay the debts to the depositors even when they are subjected to loss. It is an insurance which guarantees depositors and creditors to repay their amount in case of bank failure.

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Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 10, Problem 1Q

To determine

The importance of the government safety net and its types such as deposit insurance in the economy of the country.

Concept Introduction:

Government Safety Net: For the purpose of providing assistance to the low-income level Americans, the government has taken necessary steps such as special programs to provide the basic requirements such as housing facilities and food.

Deposit Insurance: To reduce the uncertain scenarios of the depositors, the deposit insurance is one of the concepts being introduced in the banking sector. Banks could repay the debts to the depositors even when they are subjected to loss. It is an insurance which guarantees depositors and creditors to repay their amount in case of bank failure.

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3. Distinguish between a direct democracy and a representative democracy. Use appropriate examples to support your answers. [4] 4. Explain the distinction between outputs and outcomes in social service delivery [2] 5. A R1000 tax payable by all adults could be viewed as both a proportional tax and a regressive tax. Do you agree? Explain. [4] 6. Briefly explain the displacement effect in Peacock and Wiseman's model of government expenditure growth and provide a relevant example of it in the South African context. [5] 7. Explain how unbalanced productivity growth may affect government expenditure and briefly comment on its relevance to South Africa. [5] 8. South Africa has recently proposed an increase in its value-added tax rate to 15%, sparking much controversy. Why is it argued that value-added tax is inequitable and what can be done to correct the inequity? [5] 9. Briefly explain the difference between access to education and the quality of education, and why we should care about the…

Answer 2

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Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 10, Problem 1Q

To determine

The importance of the government safety net and its types such as deposit insurance in the economy of the country.

Concept Introduction:

Government Safety Net: For the purpose of providing assistance to the low-income level Americans, the government has taken necessary steps such as special programs to provide the basic requirements such as housing facilities and food.

Deposit Insurance: To reduce the uncertain scenarios of the depositors, the deposit insurance is one of the concepts being introduced in the banking sector. Banks could repay the debts to the depositors even when they are subjected to loss. It is an insurance which guarantees depositors and creditors to repay their amount in case of bank failure.

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Answer 3

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Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 10, Problem 1Q

To determine

The importance of the government safety net and its types such as deposit insurance in the economy of the country.

Concept Introduction:

Government Safety Net: For the purpose of providing assistance to the low-income level Americans, the government has taken necessary steps such as special programs to provide the basic requirements such as housing facilities and food.

Deposit Insurance: To reduce the uncertain scenarios of the depositors, the deposit insurance is one of the concepts being introduced in the banking sector. Banks could repay the debts to the depositors even when they are subjected to loss. It is an insurance which guarantees depositors and creditors to repay their amount in case of bank failure.

Expert Solution & Answer

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Answer 4

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Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 10, Problem 1Q

To determine