How this was to be done was the principal subject of courses in macroeconomics. Furthermore, in evaluating the tax, econo- mists will also want to compare it with other ways of raising similar amounts of revenue. Describe some of the tricks you might use to reduce the ap- parent budget deficit while maintaining current levels of services and trans- fers subsidies. Ineach of the following areas, give an example of a tax expenditure and a conventional expenditure. Chapter 7- Efficiency and Equity The evaluation of a Public Program often entails balancing its consequences for economic efficiency and for the distribution of income.
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