An international perspective
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Public expenditure and inflation: An international perspective
Public expenditure and inflation are two key economic factors that are closely related. Public expenditure refers to the amount of money spent by governments on various goods and services, such as healthcare, education, defense, and infrastructure. Inflation, on the other hand, refers to the rate at which the general price level of goods and services in an economy is increasing over time. In this article, we will explore the relationship between public expenditure and inflation from an international perspective.
One of the main arguments against high levels of public expenditure is that it can lead to inflation. The logic behind this argument is that when governments spend a large amount of money, they increase the demand for goods and services in the economy. As a result, businesses may raise their prices to take advantage of the increased demand. This, in turn, can lead to higher inflation.
However, the relationship between public expenditure and inflation is not always straightforward. In some cases, public expenditure can actually help to control inflation. For example, when governments spend money on infrastructure projects, they can increase the productivity of the economy, which can help to keep inflation under control.
One of the key factors that can influence the relationship between public expenditure and inflation is the level of economic development in a country. In developed countries with mature economies, high levels of public expenditure may be more likely to lead to inflation. This is because these economies are already operating at near-full capacity, and any additional demand created by public expenditure may be difficult to meet without raising prices.
In contrast, in developing countries with less mature economies, high levels of public expenditure may not necessarily lead to inflation. This is because these economies may have excess capacity that can be used to meet the increased demand created by public expenditure. Additionally, in these countries, public expenditure may help to stimulate economic growth, which can help to keep inflation under control.
Another factor that can influence the relationship between public expenditure and inflation is the nature of the spending. For example, spending on social welfare programs may have a different effect on inflation than spending on defense. Social welfare spending may help to stimulate demand for goods and services, which can lead to inflation. Defense spending, on the other hand, may have a smaller impact on inflation, as it does not directly increase demand for goods and services.
There are also some international examples that provide insights into the relationship between public expenditure and inflation. One example is the United States, which has a high level of public expenditure but relatively low inflation. This may be due in part to the fact that the US economy is very large and diverse, with excess capacity that can be used to meet increased demand. Additionally, the US dollar is the world’s reserve currency, which gives the country more flexibility in managing its inflation.
Another example is Venezuela, which has experienced very high inflation in recent years despite a high level of public expenditure. In this case, the high inflation can be attributed to a variety of factors, including a lack of economic diversification, currency devaluation, and political instability.
In conclusion, the relationship between public expenditure and inflation is complex and depends on a variety of factors, including the level of economic development, the nature of the spending, and the overall economic context. While high levels of public expenditure may sometimes lead to inflation, this is not always the case. Additionally, public expenditure can have other economic benefits, such as stimulating economic growth and increasing productivity. Ultimately, policymakers must carefully consider the potential impact of public expenditure on inflation when making decisions about spending priorities.
An international perspective
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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