34. The National defense consumption expenditures and gross Investment for the 4th quarter of 2019 is: $______ billions. 35. The National defense consumption expenditures and gross Investment for the 4th quarter of 2017 is: $______ billions. 36. The change in the National defense consumption expenditures and gross Investment, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions. 37. Comparing the change in current tax receipts (questions 16 through 18) and current expenditures (questions 28 through 30), is it fair to say that the Trump tax cut was a huge contributor to the increase in the government budget deficit? YES NO 38. Based on questions 13 through 37, which of the following seems to be the biggest contributing factor to the increase of the federal government budget deficit? a) Decease in tax revenue collected b) Increase in government social benefits c) Increase in the military budget
34. The National defense consumption expenditures and gross Investment for the 4th quarter of 2019 is: $______ billions. 35. The National defense consumption expenditures and gross Investment for the 4th quarter of 2017 is: $______ billions. 36. The change in the National defense consumption expenditures and gross Investment, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions. 37. Comparing the change in current tax receipts (questions 16 through 18) and current expenditures (questions 28 through 30), is it fair to say that the Trump tax cut was a huge contributor to the increase in the government budget deficit? YES NO 38. Based on questions 13 through 37, which of the following seems to be the biggest contributing factor to the increase of the federal government budget deficit? a) Decease in tax revenue collected b) Increase in government social benefits c) Increase in the military budget
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
34. The National defense consumption expenditures and gross Investment for the 4th quarter of 2019 is: $______ billions.
35. The National defense consumption expenditures and gross Investment for the 4th quarter of 2017 is: $______ billions.
36. The change in the National defense consumption expenditures and gross Investment, from 4th quarter of 2017 to the 4th quarter of 2019 is: ______ billions.
37. Comparing the change in current tax receipts (questions 16 through 18) and current expenditures (questions 28 through 30), is it fair to say that the Trump tax cut was a huge contributor to the increase in the government budget deficit?
|
YES
|
||
|
NO
|
38. Based on questions 13 through 37, which of the following seems to be the biggest contributing factor to the increase of the federal government budget deficit?
|
a) Decease in tax revenue collected
|
||
|
b) Increase in government social benefits
|
||
|
c) Increase in the military budget
|
Transcribed Image Text:40
Research and development
50.2
50.3
50.6
51.3
52.2
52.7
52.8
52.6
51.9
52.1
53.1
54.9
![Table 3.11.5. National Defense Consumption Expenditures and Gross Investment by Type
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: August 30, 2023 - Next Release Date September 28, 2023
2017
Line
Q1
National defense consumption expenditures and
gross investment
1
2 Consumption expenditures1
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Gross output of general government
Value added
Compensation of general government employees
Military
Civilian
Consumption of general government fixed
capital2
Intermediate goods and services purchased3
Durable goods
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
Less: Own-account investment4
Less: Sales to other sectors
29 Gross investment5
30 Structures
31
Equipment
32
Aircraft
33
Missiles
34
35
36
37
38
39
Ships
Vehicles
Electronics
Other equipment
Intellectual property products
Software
733.5
593.5
618.9
401.1
244.3
148.1
96.1
156.9
217.7
37.3
16.4
3.4
1.9
1.2
5.2
9.2
22.7
8.1
3.4
11.2
157.7
38.5
33.9
70.9
6.3
8.1
21.7
3.6
139.9
5.5
73.5
17.6
5.1
12.4
2.5
6.7
29.3
61.0
10.8
2017
Q2
745.7
601.5
626.8
401.6
244.5
148.2
96.3
157.1
225.1
39.2
18.2
3.2
1.9
1.3
5.3
9.4
22.0
7.2
3.5
11.3
163.9
39.3
35.3
74.8
6.3
8.2
21.6
3.7
144.1
6.2
76.6
18.4
4.8
14.4
2.5
6.7
29.9
61.3
11.0
2017
Q3
744.6
600.3
625.7
403.8
246.5
149.1
97.3
157.4
221.8
38.3
16.6
3.5
1.9
1.4
5.3
9.6
22.8
7.7
3.7
11.4
160.8
39.8
36.4
70.0
6.2
8.4
21.7
3.7
144.3
5.0
77.4
18.2
4.7
14.4
2.7
6.8
30.5
61.9
11.2
2017
Q4
760.7
610.7
636.2
407.0
249.2
150.7
98.5
157.9
229.2
39.6
16.7
4.1
1.9
1.5
5.5
10.0
24.1
8.8
4.0
11.4
165.5
40.0
37.0
73.8
6.1
8.6
21.9
3.7
150.0
5.7
81.6
20.5
4.2
15.3
3.1
6.9
31.7
62.8
11.5
1 of 3
2018
Q1
767.9
617.5
643.5
411.3
252.7
153.0
99.7
158.6
232.2
38.7
15.2
4.1
1.9
1.5
5.6
10.4
25.6
10.1
4.3
11.3
167.8
40.0
37.5
75.4
6.1
8.8
22.3
3.7
150.4
5.5
80.8
17.7
4.7
15.4
3.1
7.1
32.7
64.0
11.9
2018
Q2
783.3
631.6
657.9
415.9
255.9
154.7
101.2
160.0
242.0
41.8
17.5
4.1
2.0
1.6
5.8
10.7
25.9
10.4
4.5
11.0
174.3
40.8
39.0
79.3
6.1
9.0
22.6
3.7
151.7
5.7
81.1
17.4
4.1
15.7
3.1
7.3
33.6
64.9
12.2
2018
Q3
800.9
645.3
672.0
420.3
259.4
157.0
102.5
160.8
251.8
43.6
19.1
3.9
2.1
1.4
6.1
11.0
26.4
10.5
4.8
11.0
181.7
40.7
39.7
85.9
6.2
9.2
22.9
3.8
155.6
6.3
84.0
19.7
4.2
15.1
3.3
7.6
34.1
65.3
12.5
2018
Q4
817.1
654.1
681.2
422.8
261.7
158.6
103.0
161.1
258.4
41.8
16.2
4.1
2.3
1.6
6.4
11.2
25.8
9.9
5.1
10.8
190.8
40.7
40.9
93.4
6.4
9.4
23.2
3.8
163.0
6.6
91.2
24.1
5.3
15.8
3.3
7.8
34.7
65.3
12.7
2019
Q1
835.6
661.1
688.4
426.0
263.7
160.4
103.3
162.4
262.4
43.0
16.6
4.5
2.4
1.6
6.5
11.4
24.8
9.0
5.3
10.5
194.6
39.5
41.9
97.2
6.5
9.5
23.5
3.9
174.6
7.4
102.5
35.1
4.8
16.2
3.5
7.7
35.2
64.6
12.7
2019
Q2
838.4
680.8
708.4
428.9
266.4
161.7
104.7
162.5
279.6
43.8
17.2
4.1
2.4
1.8
6.7
11.6
25.0
9.1
5.5
10.4
210.8
40.4
44.3
109.9
6.5
9.6
23.7
3.9
157.6
7.4
85.3
17.8
3.7
16.6
3.7
7.9
35.6
65.0
12.9
2019
Q3
854.9
685.9
713.9
432.8
269.5
163.6
105.9
163.3
281.2
44.8
17.5
4.5
2.5
1.7
6.8
11.9
24.8
8.8
5.6
10.4
211.6
41.1
45.1
109.2
6.5
9.7
24.0
4.0
168.9
7.0
95.7
24.7
4.6
17.8
4.2
8.0
36.4
66.3
13.2
2019
Q4
862.4
690.8
719.2
436.7
272.2
165.0
107.2
164.4
282.5
48.6
19.9
5.2
2.6
2.3
6.9
11.8
24.9
8.9
5.5
10.4
209.0
41.7
45.7
105.5
6.4
9.7
24.4
3.9
171.6
8.0
95.4
22.3
6.5
18.0
4.4
8.3
35.8
68.3
13.4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fd71a05-cce6-42ce-8872-636d0d92cbc9%2F18b88b6f-894a-43c3-aadf-f8be33125e59%2Fpod40ek_processed.png&w=3840&q=75)
Transcribed Image Text:Table 3.11.5. National Defense Consumption Expenditures and Gross Investment by Type
[Billions of dollars] Seasonally adjusted at annual rates
Last Revised on: August 30, 2023 - Next Release Date September 28, 2023
2017
Line
Q1
National defense consumption expenditures and
gross investment
1
2 Consumption expenditures1
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Gross output of general government
Value added
Compensation of general government employees
Military
Civilian
Consumption of general government fixed
capital2
Intermediate goods and services purchased3
Durable goods
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Installation support
Weapons support
Personnel support
Transportation of material
Travel of persons
Less: Own-account investment4
Less: Sales to other sectors
29 Gross investment5
30 Structures
31
Equipment
32
Aircraft
33
Missiles
34
35
36
37
38
39
Ships
Vehicles
Electronics
Other equipment
Intellectual property products
Software
733.5
593.5
618.9
401.1
244.3
148.1
96.1
156.9
217.7
37.3
16.4
3.4
1.9
1.2
5.2
9.2
22.7
8.1
3.4
11.2
157.7
38.5
33.9
70.9
6.3
8.1
21.7
3.6
139.9
5.5
73.5
17.6
5.1
12.4
2.5
6.7
29.3
61.0
10.8
2017
Q2
745.7
601.5
626.8
401.6
244.5
148.2
96.3
157.1
225.1
39.2
18.2
3.2
1.9
1.3
5.3
9.4
22.0
7.2
3.5
11.3
163.9
39.3
35.3
74.8
6.3
8.2
21.6
3.7
144.1
6.2
76.6
18.4
4.8
14.4
2.5
6.7
29.9
61.3
11.0
2017
Q3
744.6
600.3
625.7
403.8
246.5
149.1
97.3
157.4
221.8
38.3
16.6
3.5
1.9
1.4
5.3
9.6
22.8
7.7
3.7
11.4
160.8
39.8
36.4
70.0
6.2
8.4
21.7
3.7
144.3
5.0
77.4
18.2
4.7
14.4
2.7
6.8
30.5
61.9
11.2
2017
Q4
760.7
610.7
636.2
407.0
249.2
150.7
98.5
157.9
229.2
39.6
16.7
4.1
1.9
1.5
5.5
10.0
24.1
8.8
4.0
11.4
165.5
40.0
37.0
73.8
6.1
8.6
21.9
3.7
150.0
5.7
81.6
20.5
4.2
15.3
3.1
6.9
31.7
62.8
11.5
1 of 3
2018
Q1
767.9
617.5
643.5
411.3
252.7
153.0
99.7
158.6
232.2
38.7
15.2
4.1
1.9
1.5
5.6
10.4
25.6
10.1
4.3
11.3
167.8
40.0
37.5
75.4
6.1
8.8
22.3
3.7
150.4
5.5
80.8
17.7
4.7
15.4
3.1
7.1
32.7
64.0
11.9
2018
Q2
783.3
631.6
657.9
415.9
255.9
154.7
101.2
160.0
242.0
41.8
17.5
4.1
2.0
1.6
5.8
10.7
25.9
10.4
4.5
11.0
174.3
40.8
39.0
79.3
6.1
9.0
22.6
3.7
151.7
5.7
81.1
17.4
4.1
15.7
3.1
7.3
33.6
64.9
12.2
2018
Q3
800.9
645.3
672.0
420.3
259.4
157.0
102.5
160.8
251.8
43.6
19.1
3.9
2.1
1.4
6.1
11.0
26.4
10.5
4.8
11.0
181.7
40.7
39.7
85.9
6.2
9.2
22.9
3.8
155.6
6.3
84.0
19.7
4.2
15.1
3.3
7.6
34.1
65.3
12.5
2018
Q4
817.1
654.1
681.2
422.8
261.7
158.6
103.0
161.1
258.4
41.8
16.2
4.1
2.3
1.6
6.4
11.2
25.8
9.9
5.1
10.8
190.8
40.7
40.9
93.4
6.4
9.4
23.2
3.8
163.0
6.6
91.2
24.1
5.3
15.8
3.3
7.8
34.7
65.3
12.7
2019
Q1
835.6
661.1
688.4
426.0
263.7
160.4
103.3
162.4
262.4
43.0
16.6
4.5
2.4
1.6
6.5
11.4
24.8
9.0
5.3
10.5
194.6
39.5
41.9
97.2
6.5
9.5
23.5
3.9
174.6
7.4
102.5
35.1
4.8
16.2
3.5
7.7
35.2
64.6
12.7
2019
Q2
838.4
680.8
708.4
428.9
266.4
161.7
104.7
162.5
279.6
43.8
17.2
4.1
2.4
1.8
6.7
11.6
25.0
9.1
5.5
10.4
210.8
40.4
44.3
109.9
6.5
9.6
23.7
3.9
157.6
7.4
85.3
17.8
3.7
16.6
3.7
7.9
35.6
65.0
12.9
2019
Q3
854.9
685.9
713.9
432.8
269.5
163.6
105.9
163.3
281.2
44.8
17.5
4.5
2.5
1.7
6.8
11.9
24.8
8.8
5.6
10.4
211.6
41.1
45.1
109.2
6.5
9.7
24.0
4.0
168.9
7.0
95.7
24.7
4.6
17.8
4.2
8.0
36.4
66.3
13.2
2019
Q4
862.4
690.8
719.2
436.7
272.2
165.0
107.2
164.4
282.5
48.6
19.9
5.2
2.6
2.3
6.9
11.8
24.9
8.9
5.5
10.4
209.0
41.7
45.7
105.5
6.4
9.7
24.4
3.9
171.6
8.0
95.4
22.3
6.5
18.0
4.4
8.3
35.8
68.3
13.4
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