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小米 · 2021年04月24日

问一道题:NO.PZ202001210200000107 第7小题 [ CFA III ]

* 问题详情,请 查看题干

问题如下:

Based on Observation 2, what impact will the policy changes have on the trend rate of growth for Country Y?

选项:

A.

Negative

B.

Neutral

C.

Positive

解释:

C is correct. Country Y is expected to significantly increase transfer payments and introduce a more progressive tax regime. Both of these changes are pro-growth government policies and should have a positive impact on the trend rate of growth for a business cycle that is in slowdown or contraction. Transfer payments help mitigate fluctuations in disposable income for the most vulnerable households, while progressive tax regimes imply that the effective tax rate on the private sector is pro-cyclical (i.e., rising as the economy expands and falling as the economy contracts).

题目中说道预计Y国将大幅增加转移支付,并引入更累进的税收制度。这两种变化都是促进经济增长的政府政策,应此会对经济放缓或收缩的商业周期的趋势增长率产生积极影响。转移支付有助于缓解最脆弱家庭可支配收入的波动,而累进税制意味着对私营部门的有效税率是顺周期的(例如,经济扩张时上升,经济收缩时下降)。所以C选项正确。

1、为什么更累进的税收会促进经济增长呢?个人缴纳税越多不是手头上钱越少吗? 2、答案解析的意思是说累进税制是顺周期,周期上行才会加大累进。那也就是这个题干的意思是问,现在市场已经怎么样了,发生了什么,才导致政府实行更累进税制?发生了经济周期变好上行,所以才更加累进税率。这么理解吗?
1 个答案

源_品职助教 · 2021年04月26日

嗨,爱思考的PZer你好:


1.从长期来看更累进的税收对经济发展是好的。

因为勒紧税收是一种调节制度,经济好的时候,征收的税就更多,给经济降降温。让政府掌握更多的财政政策,让他去决定需不需要再投资。

而当经济不好的时候,征收的税收就少了,让老百姓手上保留比例更高的货币,保证基本消费,保证基本盘。拉抬经济发展。

所以长长期看累进的税收是更好的。当然在经济不好的时候作用更加明显。

2.我觉得你的理解也是OK的。


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