An example of a defensive expenditure is: a. choosing guns rather than butter b. government military expenditure c. installing a burglar alarm on your home d. Arsenal Football Club buying a new central defende
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- Government consumption expenditures (G) include central, municipal and federal government. a. True b. FalseExercise D24 Compare two policies: a tax cut on income or an increase in government spending on roads and bridges. What are both the short-term and long—term impacts of such policies on the economy?Which of the following is NOT accounted in the expenditure approach? a. Food b. Furniture c. Used cars d. Education
- 1. Inventory is: Group of answer choices a. the total amount of goods that a company produces now, regardless of whether they've sold it or not. b. the stock of goods that a company produced last year, but had to sell for below cost. c. the stock of goods that a company produces now, but keeps to sell at a future time. d. the stock of goods that a company produces and sells in a given time perio 2. The four categories of expenditure (spending) in the economy are wages, rent, interest, and profit. Group of answer choices True FalseJhon was given a $2000 stimulus check. He will spend 75% of his money(which is 1500$). The next person will spend 75% of the 1500$ and so on and so forth. 1)How much total expenditure will result from the 2000$ stim check? 2)calculate the value of the multiplier.In the economy of Kwartengland, the following figures are given for economic activity which was undertaken in 2013. All the figures are million Ghana Cedis Consumption Expenditure = 1000 + 0.8 YD Investment Spending= 600 Government Expenditure = 2450 Personal Taxes= 100 Exports= 100 Imports= 150 1. Calculate the investment and tax multipliers 2. By how much should exports change if government wishes to increase real GDP by 1000?
- Consumption function: C=500+0.8Yd , net tax: T=500, government spending: G=500, investment: I=1200, export: X=500 and imprt: M=700. According to this; Find the change in equilibrium level of output(Ye) if government spending increase 200. Use government spending multiplier.In an economy the change in income is $5000 and change in investment is $2000 Find the value of multiplier.If the economy wants to decrease private sector's investment spending, a. both the government and consumers must increase spending. b. the government must increase its spending c. the government must decrease its spending d. the consumers must increase spending
- Government spending on health care has been A) shrinking as a share of government spending. B) rising as a share of government spending. C) rising and falling from year to year as various illnesses hit the population.D) falling then rising as a share of government spending. E) steady as a share of government spending. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.Write the Total Spend equivalence in an open and governmental economy. (Variables will be written with their names, not abbreviations)Please no written by hand solutions Read Eye on the Multiplier in the eText or click on the icon to open a copy. Then answer the following questions During the second quarter of 2009, the economy was in recession and the output gap was $0 8 trillion How much fiscal stimulus would be required to close the output gap if the multiplier was as large as the President's Council of Economic Advisors believes? How much fiscal stimulus would be required if the multiplier was as large as Robert Barro believes? The President's Council of Economic Advisors says the fiscal policy multiplier is, so to close an output gap of $0.8 trillion, fiscal stimulus of $ trillion is needed Robert Barro says the fiscal policy multiplier is 0. so to close an output gap of $0 8 trillion, fiscal stimulus of $ trillion is needed.