Exam Flashcards
Obligation of government particularly evidence by securities
Public debt
Public spending are raised each year it is a year for any modern budget to balance in any one year
Taxation
Capital spending to a policy of economic stabilization
Accelerate
Government may choose to raise some of their resources
Borrowing
Possible for a government to run
Inflation
Without actually increasing the real burden of debt
Deficit
On average over the period of 1960 to 73 only Belgium Ireland Italy Nederland UK run a deficit
European economic community
Deficit budget has lead to develop of various forms of public debt
Finance
Public debt make classified according to various criteria
Criteria
Held outside of the issuing jurisdiction
External debt
Held within jurisdiction
Internal debt
Maturity downward from Infinity to periods of a month or days
Maturity period
Debt instruments without maturity date merrily payment of inherit
Consoles
Great Britain first import intermittent period debt issue
Consolidated
Large portion of government specific maturities of 5 years to 99 years more
Also known as long-term or funded debt
Bond
Debt of less than 5 years
Floating debt
The length of the maturity periods effects
Liquidity of the Debt
Solely upon the interprises
Revenues
US latter type of obligation
Revenue bond
Negotiable and are sold freely
Market
Interest in principles are usually payable in fixed monetary units
Monetary
Budget surplus has effects opposite from those of borrowing
Government debt
Balance Federal Budget
Amendment
Subject to debt limitations
Dominion
Increase in the capacity of an economy
Economic growth
Economic growth in countries is measured by GDP
Gross domestic product
The total amount of final goods in service produce in one year within a country
Gdp
Four factors of economic growth
National resources
Human capital
Capital goods
Entrepreneurship
Policy intervention phenomenon of market productivity
Economic development
Changes in the economy
quantitative And qualitative
Most accurate method
Human development index
Plays important role for economic
Modernization and industrialization
Buying the capacity of consumer reduces
Inflation
Consumer how to spend hence the demand
Tax levels
Impact the growth of an industry
Interest rate
Friendly environment for business
Governmental policies
Do not import or export good
Currency strength
Industries regulated by the government
Government intervention
Economic state of a country and consumer
Overall economic health
Development through attitude towards program
Social and cultural values
View regarding economic growth and development
Amartya sen.
Comprehensive and wide
Economic policy
Long term economic
India economic policy
Efficient control apparatus
Thrust of new economic policy
Tries to keep the money growing
Macroeconomic stabilization policy
Refers to tariff trade agreement
trade policy
Create economic growth
Policies designed
The major constitute of NEP
Privatization
Base economic development policy
Technology
Process of keeping an organization
Fiscal management
Refers to money management
Fiscal
Done yearly 12 months period
Fiscal planning
Paid regularly to a person
Pension
Recipient of an retirement pension
Pensioner or retiree
Three types of pension
Employment base pension retirement plans
Social and state pensions
Disability pension
Guarantee a certain payout
Define benefit plans
Provide the payout
Define contribution plans
Contribution from the employer
Also known as pension fund
Funded plans
Paid for by employer
Unfunded plans
Established by employer
Pension fund
Pension fun also known as
Superannuation fund
Under public sector law
Public pension fund
Contribute from their earnings
Private pension fund
Expenditure of the government
Public expenditures
German physical theories of 19th century
Law of the increase of state activities
Adolf Wagner
