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by Simon Ng | Mar 16, 2018 | Economic Growth, Economicsfocus, JC Economics Essays |
In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (b) Consider whether economic growth should be the top priority goal of a government. [15] Question Analysis • Explain why economic growth is...
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by Simon Ng | Mar 16, 2018 | Economic Growth, Economicsfocus, JC Economics Essays |
In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (a) Explain how the above tax changes can help Singapore achieve higher economic growth. [10] Introduction • Define taxes • Distinguish...
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by Simon Ng | Mar 16, 2018 | Economic Growth, Economics Tuition, JC Economics Essays |
The recent financial crisis saw Singapore’s exports plunge as the global recession has affected almost all major economies in the world, including the USA. Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. [15]...
by Simon Ng | Feb 13, 2017 | Economic Growth, Economics Tuition, JC Economics Notes, Macroeconomics |
The measures adopted by the government has helped Singapore to achieve sustainable economic growth as it has raised actual production and expanded production capacity through the production possibility curve. The influx of foreign workers, land reclamation and import...
by Simon Ng | Aug 10, 2015 | Economic Growth, Economics Tuition, Inflation, JC Economics Essays, Macroeconomics |
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However during the same period, inflation rate remained high at about 5%. Explain why inflation can remain high despite a slowdown in economic growth in Singapore. [10] Introduction...
