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The first thing we need to think about to answer this question is the target of this income tax. During a short introduction it is useful to outline what the question is really asking so that you are a...

The best way to explain the multiplier effect is through an example.

Imagine that the government invested £100m in building a new hospital. They would need to employ lots of staff to buil...

A bond or a gilt is a way of borrowing money for corporations or governments. For example, if an imaginary government wanted to borrow $100, it could issue a single bond, and an investor could buy that...