Why does government mandate individuals to purchase

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Q. Assumes that isoland has a closed economy. Isoland GDP is $8 trillion, its private saving is $0.5 trillion, its government saving is $0.2 trillion and its taxes equal $1.5 trillion. Calculate for consumption, government spending, national saving and investment.

Q. Why does government mandate individuals to purchase their own insurance in some cases such as automobile liability insurance--but directly provide insurance to people in or situations--such as health insurance?

 

Reference no: EM1372537

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