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- For the past several decades in the United States, government purchases have accounted for about _____of GDP. a. 60%-70% b. 15%-25% c. 5%-15%1. It refers to the purchase of goods and services, including public consumption and public investment, and transfer payments, which consist of income transfers(pensions, social benefits) and capital transfer. a. Government expenditure b. Government budget c. Government expenses 2. Government spending is used for the nation's defense, infrastructure, health, and _________ benefits. a. Education b. Welfare c. Safety d. Well-being 3. Which of these statements is NOT true? a. The role of government spending is to promote economic growth and satisfy the private sector's individual or collective needs. b. The role of government spending is to promote economic growth and satisfy the individual or collective needs of the public sector. c. The role of government spending is to promote fiscal growth and satisfy the individual or collective needs of the public sector. d. The role of government spending is to promote monetary growth and satisfy the individual or collective needs of the public…When the government attempts to improve equity in an economy, what is often the result? a. an increase in overall output in the economy b. additional government revenue since overall income will increase c. an actual reduction in equity d. reduced efficiency in the economy
- which of the following is not included in government purchases? a. Government purchases of investment goods b. Transfer payments. c. Government spending on services. d. None of above included in Government purchases. e. Neither (b) Nor (c) is included in government purchases.Your country's economy experienced a rise in the rate of unemployment in 2013 - 2014. a. Describe one example of discretionary budgetary policy that could be implemented to lower the rate of structural unemployment. b. Explain how one immigration policy and one microeconomic reform policy might operate to raise a country's productive capacity and increase rate of economic growth.A government is evaluating the effectiveness of a new tax policy. Economists collect data on tax rates, government revenue, and economic growth before and after the policy implementation. They use econometric methods to assess the policy's impact on economic indicators. This application of econometrics primarily serves to:A) Estimate policy impactB) Create new tax lawsC) Design government websitesD) Recruit government staff 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
- Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of income, why might this be so?The three broad functions of the government are : the allocative function the distributive function the stabilisation function Discuss these three broad functions of the government in detail.Hello, this a follow up just to remind you I need this fully answered. Here is what needs to be answered: H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________ I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________ J. The San Antonio Independent School District pays Ricki Kicker $55,000 for teaching high school in 2020. __________________________ - Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures. - If Depreciation = $479 Gross private domestic Investment (I) = $716 Government spending = $924 Imports = $547 Personal Consumption Expenditures = $2,966 Exports = $427 a. How big is the GDP? b. How big is National Income?
- Which principle states that taxes should be levied according to a taxpayer’s ability to pay?a) Benefit principleb) Horizontal equityc) Vertical equityd) Ability-to-pay principle. Note : don't use chat gpt.Which of the following statements is (are) correct? (x) One of the largest categories of federal government spending is Social Security and it is growing because the elderly population is increasing due to longer life expectancy for U.S citizens. (y) Although government spending on national defense includes weapons, military vehicles, and salaries of military personnel, tax revenue is not used to pay for those items. (z) The largest single expenditure category for most state and local governments is education. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) onlyGovernment 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.