Wednesday 6 February 2013

Suppose the federal government cuts taxes and increases spending, raising the budget deficit to 12 percent of?

Suppose the federal government cuts taxes and increases spending, raising the budget deficit to 12 percent of GDP. If nominal GDP is rising 5 percent per year, are such budget deficits sustainable? Explain. If budget deficits of this size are maintained for twenty years, what is likely to happen to your taxes and your children's taxes in the future? Can you personally do something today to offset this future effect?

What is a VPN?


VPN is (Virtual Private Network) were first used by companies to enable their employees to securely access internal systems such as email remotely (e.g. from home or while on business trips). Today they are increasingly being used for personal use by individuals to protect their privacy while online in public places (e.g. when using the wi-fi connection in a cafe) or in a country where the internet is censored / blocked (e.g. China, Saudi Arabia…).

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