Mandatory government spending is _____________ as a share of GDP and are mostly increasing, purchases of...
Mandatory government spending is _____________ as a share of GDP and are mostly
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increasing, purchases of goods & services by the government |
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decreasing, purchases of goods & services by the government |
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increasing, transfer payments |
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decreasing, transfer payments |
Homework Answers
Mandatory government spending generally includes spending by the government on various programs for which it transfers certain amount to the account of the beneficiaries which is knows as transfer payments.These payments are made without any good or service being produced example-medicare, unemployment insurance, subsidies and social security and this results in an increase in governnment spending
Option(C)
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Mandatory government spending is _____________ as a share of GDP
and are mostly
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1. Government spending required by laws other than appropriation acts is also known as what? a....
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GDP would be a better measure of economic well-being if it included: Select one: a. the...
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What is the eventual effect on real GDP if the government increases its purchases of goods and services by $60,000? Assume the marginal propensity to consume ( MPC) is 0.75. What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $60,000? Assume the MPC has not changed. An increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in O a...
Account Change in Inventories Private Consumption Spending Interest Payments made by private firms Government Subsidies Net Private Investment (excludes depreciation) 45 Government Purchases of Goods Depreciation Wages & Salaries (pre-tax) Government Purchases of Services Government Transfer Payments Imports Exports Sales Tax Divedend Payments & Retained Earnings ValuePart of 2000 365 30 200 つつ 1100 90 400 400 500 95 900 (a) Calculate the value of GDP using the expenditure approach (b) Calculate the value of GDP using the income approach....
19. Which of the following is included in government expenditures when measuring GDP? A) Social Security payments B) unemployment compensation payments C) pension payment made to past presidents D) the current president's salary 20. Transfer payments A) are included in the government expenditure category in gross domestic product. B) refer to all payments made to households by governments. C) refer to payments made by the government that are not made to purchase a good or service. D) are made by...
QUESTION 2 Trillions of dollars GDP Consumption Government spending Exports Imports Budget balance Refer to the table shown. How much tax revenue does the government collect? (Assume transfer payments are equal to zero) Tax revenue = $ __trillion. (Round to one decimal place.)
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