This paper concentrates on the primary theme of CONSIDER AN ECONOMY WITH A SINGLE CONSUMER. THE GOVERNMENT GIVES THE CONSUMER A BOND WITH A FACE… in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.
Consider an economy with a single consumer. The government gives the consumer a bond with a face value of $1,000. Has the wealth of the consumer increased? Alternatively, the government levies a tax of $1,000 on the consumer and promises to pay a pension. Has the wealth of the consumer decreased?