Economic project

ECON 202 – Prof. María Pía Olivero Winter 2014

Group Assignment #2

Think about fiscal policy in each of your countries / states. Taking turns, each member of the group should discuss with the group the following questions regarding their country and/or state/city in the US. This discussion will take place during class on Wednesday March 5th. Prof. Olivero will walk around and listen to the group discussions. Please use some of the lecture time on Monday March 3rd to go online and do research on the following questions so that you can participate productively in team discussions on Wednesday 3/5.

After the group meeting, each member of the team needs to write his answers and submit them electronically to the team leader. The team leader will compile all answers and submit by the deadline (March 12th) to Prof. Olivero at [email protected]

On Fiscal Policy: What is the level of government spending as a percentage of GDP in your country/state? What is the largest component of government spending? What is the smallest component of government spending? What is the level of tax revenue as a percentage of GDP in your country /state? What is the most important tax? What is the least important tax?

Can you tell any recent (in the last few months) interesting / noteworthy story about fiscal policy making in your country / state?