Fiscal Policy Analysis

IntroductionData analysis is an indispensable part of the study of Economics, and plays a significant role in the formulation of economic theory and policy. The Fiscal Ship game is based on simulating Fiscal Policies to set the U.S Budget on a sustainable path. This exercise reinforces concepts taught in the course. It is imperative that you read the instructions provided to help you successfully play this game. Once you have familiarized yourself with the features of the simulation tool, click on the link for The Fiscal Ship to launch the game. Select New Game. Then, conduct your desired policy simulations.Link (website): The Fiscal Ship (Links to an external site.)Essay Question – 400 pointsAnswer all of the following questions after you attempt to meet your target goal. If you have the desire and the time, you can play the game more than once in order to meet your target goal.1. Specify where in the spectrum of political ideology you would consider yourself to be. 20 pointso Centrist, Progressive or Conservative.2. State the Governing Goals you chose and provide reasons why you chose those goals. 80 points3. Specify which of your policy choices had the largest impact on your fiscal target, and which barely moved the line. 40 pointso Were you surprised by the magnitude of any policy choices?4. State whether or not the game made you reevaluate your initial governing goals. Explain. 60 points5. Propose ways that you think the federal government should set the budget on a sustainable course in the next 25 years. 120 points6. Attach a screenshot of your “Plan Details” to your assignment. 80 pointsWriting RequirementsFailure to follow the requirements will result in a significant loss in points:•Minimum of 1 full page (excluding screenshot)• Double spaced• Normal margins• Times New Roman font size 12• Use at least 1 scholarly or authoritative source in your essay (scholarly/authoritative means peer reviewed articles, newspapers with editorial oversight, Government Agency publications, etc)• APA format for in-text citations and list of references• Screenshot of your “Plan Details”