Assignment:
Final Paper
Focus of the Final Paper
In the Final Paper, you will consider the economic implication of taxes and how they affect the economy. What happens to the economy when the government raises or lowers taxes? In answering this question, it is important to look at the topic from an economic perspective rather than a political one. Be sure to use the knowledge you have gained in this class in formulating your response. In addition to your textbook use at least three scholarly sources to support your arguments, including a minimum of two from the databases available at the Ashford University Library. Your Final Paper should address the following when formulating your arguments:
• Describe the effect on net personal income when the government raises taxes and when the government lowers taxes.
• Describe how the Gross Domestic Product (GDP) is affected by higher taxes and lower taxes.
• Identify what other economic factors are affected when taxes are raised or lowered, and explain the results of these changes.
• Explain why the government should or should not increase taxes on everyone in order to equalize income and wealth.
Writing the Final Paper
The Final Paper:
1. Must be five to eight double-spaced pages in length (excluding the title and reference pages), and formatted according to APA style as outlined in the Ashford Writing Center.
2. Must include a title page with the following:
3. Must begin with an introductory paragraph that has a succinct thesis statement.
4. Must address the topic of the paper with critical thought.
5. Must end with a conclusion that reaffirms your thesis.
6. Must use at least three scholarly resources, including a minimum of 2 from the Ashford Online Library, in addition to the textbook.
7. Must document all sources in APA style, as outlined in the Ashford Writing Center.
8. Must include a separate reference page, formatted according to APA style as outlined in the Ashford Writing Center.