Question

To boost economic growth, government will

Answer 1

Answer:

A government can try to influence the rate of economic growth through demand-side and supply-side policies, Expansionary fiscal policy – cutting taxes to increase disposable income and encourage spending. However, lower taxes will increase the budget deficit and will lead to higher borrowing.

Hope it helps you.

Answer 2

Answer:

some of the steps that government can take to boost economy are

1. tax reductions and rebates
2. tax reductions and rebatesderegulation to stimulate economy
3. tax reductions and rebatesderegulation to stimulate economyInfrastructure development

Explanation:

Economic growth -

it is defined as an increase in the production of all goods and services of the country. any increase in technology, human capital, goods, labor, etc contributes in economic growth.

ways to boost economy are -

• Tax reductions and rebates

Tax cuts and refunds are intended to put more money back into consumers' pockets. In an ideal world, these customers spend a part of their money at numerous enterprises, boosting sales, cash flow, and profits.

• Deregulation to Stimulate the Economy

The loosening of rules and restrictions placed on an industry or corporation is known as deregulation. In the United States, it became a focal point of Neconomics during the Reagan administration in the 1980s, when the federal government deregulated various businesses, most notably financial institutions. Many analysts credit Reagan's deregulation for the United States' strong economic development throughout the 1980s and 1990s. Deregulation supporters say that restrictive restrictions limit firms' ability to develop and operate to their full potential.

• Infrastructure Development for Economic Growth

When a local, state, or federal government invests money to develop or maintain the physical structures and facilities required for commerce and society to thrive, this is known as infrastructure expenditure. Roads, bridges, ports, and sewer systems are examples of infrastructure. Infrastructure expenditure, according to economists who embrace it as an economic accelerator, enhances productivity by allowing firms to run as effectively as feasible.