Public expenditure and inflation
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: A study of Panama
Panama is a Central American country with a population of approximately 4 million people. The country’s economy is highly dependent on its service sector, including finance, tourism, and logistics. Public expenditure in Panama has been on the rise in recent years due to increased spending on infrastructure development and social programs. However, this increase in public expenditure has also led to concerns about inflation and its impact on the economy.
Inflation is a general increase in the prices of goods and services over time. It is typically measured using the Consumer Price Index (CPI), which tracks the prices of a basket of goods and services that are commonly purchased by consumers. In Panama, inflation has been a significant concern for policymakers, as the country has experienced periods of high inflation in the past.
In recent years, public expenditure in Panama has been on the rise. In 2020, the government’s budget was approximately $26 billion, with spending focused on infrastructure development, health, education, and social programs. This increase in public expenditure has been fueled by economic growth and favorable borrowing conditions, including low-interest rates.
However, this increase in public expenditure has also led to concerns about inflation. When the government spends more money, it can stimulate economic growth, which can lead to increased demand for goods and services. This increased demand can cause prices to rise, leading to inflation. Additionally, the government may need to borrow money to finance its spending, which can also lead to inflation if there is excess money in the economy.
Despite concerns about inflation, Panama has managed to keep inflation under control in recent years. In 2020, the country’s inflation rate was approximately 0.9%, well below the Central Bank of Panama’s target range of 1%-2%. One reason for this is that the country’s economy has been growing at a steady pace, which has helped to absorb the increased demand caused by government spending. Additionally, the country has a relatively stable financial system and a flexible exchange rate, which has helped to keep inflation in check.
However, there are concerns that inflation could rise in the future if public expenditure continues to increase. The country’s debt levels have also been rising in recent years, which could put pressure on inflation if the government needs to borrow more money to finance its spending. Additionally, external factors such as changes in global commodity prices and exchange rates could also impact inflation in Panama.
In conclusion, public expenditure in Panama has been on the rise in recent years, driven by infrastructure development and social programs. While this increase in spending has led to concerns about inflation, the country has managed to keep inflation under control so far. However, there are concerns that inflation could rise in the future if public expenditure continues to increase, and policymakers will need to carefully monitor economic conditions to ensure that inflation remains under control.
Public expenditure and inflation
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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