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QUESTION
select a country and do a complete country economic breakdown. Within the economic breakdown you will
be looking for the following information:
1. Economic Structure: What category best describes this economy? Market System, Command System, Hybrid. You
might better recognize these systems as Capitalism, Communism and Socialism. What economic factors lead you to
pick your label?
2. Tax System: How does this country collect taxes? What type of income tax system is used? If they have a
progressive or regressive system, what are the different brackets and levels? Are there corporate taxes? Are there
any other type of taxes that jump out at you?
3. Banking and Money Creation: Who is in charge of the banking industry? In the United States it is the Federal
Reserve. In the country you’ve selected, who controls the money? What tools do they use to ensure proper money
management policies?
4. Fiscal Policy: Does this country use fiscal policy? If so, please use two recent examples of fiscal policy.
5. Monetary Policy: Does this country use monetary policy? If so, please use two recent examples of monetary policy.
Sample Solutions
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