Tutorial week12_2019 (2).docx - The University of the South Pacific Faculty of Business and Economics School of Economics EC304 ECONOMIC GROWTH AND

Tutorial week12_2019 (2).docx - The University of the South...

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The University of the South Pacific Faculty of Business and Economics School of Economics -------------------------------------------------------------------------------------------------------------------------------------------------- EC304: ECONOMIC GROWTH AND DEVELOPMENT SEMESTER I, 2019 -------------------------------------------------------------------------------------------------------------------------------------------------- Tutorial 12 Question 1 Write a short paragraph on each of the following I. Explain different types of government debt (internal and external). Clearly explain the benefit and cost of each of these types of debts. Explain the economic effects of government budget deficits and government borrowing. II. Explain the effect of the deficit on credit markets. III. Public debt, National Savings and Economic growth. Essay Question 2 Read and summarise the 2 IMF article below and analyse the economic impact of debt in Pacific Island
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