Question three a) What are the implications of a government budget deficit on the following:...
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Question three a) What are the implications of a government budget deficit on the following: i. Interest rates ii. Economic growth iii. Future living standards iv. National savings [12marks] b) Identify and discuss four types of debt that the Government of Kenya can issue to [8marks] [Total 20marks raise finances Question four To increase revenue collection in Kenya, some tax researchers have recommended a reduction of income taxes and an expansion of consumption tax. a) Discuss the advantages and disadvantages of consumption taxes for the Kenyan tax system [8marks
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