Government purchases in national income accounts would include expenditures for payments of: Multiple Choice public assistance for welfare recipients. Social Security checks to retirees. public assistance for military veterans. salaries for current U.S. military officers.

Government purchases in national income accounts would include expenditures for payments of: Multiple Choice public assistance for welfare recipients. Social Security checks to retirees. public assistance for military veterans. salaries for current U.S. military officers.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter13: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 18SQ

See similar textbooks

Related questions

Q: Assuming that conclude that both Egypt and Australia have virtually the same number of households in…

A: The Gini record,or Gini coefficient, measures pay dissemination across a populace. Created by the…

Q: In 1997 the average American had an income of about $29,000. In the same year, the average Mexican…

A: Answer 1). Major focus to the paragraph above is based on the fact that how average incomes in the…

Q: Most people in the United States living below the poverty line are _____________. Group of answer…

A: Answer: Poverty line: poverty line refers to the minimum level of income at which if any person…

Q: The concept of poverty line in India was introduced in______________.

A: Poverty line is the minimum level of income in order to meet the living conditions or it is the…

Q: A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and…

A: Premium as a percentage of income = P/(E+I) =4000/25000 0.16 16% (Worker 1)…

Q: Unemployment insurance is: O A government program that provides cash benefits to eligible workers…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Medicaid utilizes O personal funds that are matched by federal government to help low-income…

A: Hospitals, community health clinics, doctors, and nursing homes are all financed through Medicaid.…

Q: Official data may overstate the extent of poverty because a. it overstates the taxes paid by the…

A: The Census Bureau determines poverty status by using an official poverty measure (OPM) that compares…

Q: The primary goal of the safety net programs is to: Group of answer choices A)Support people who do…

A: Safety net programs are the programs which are made to help the poor people of the country. The main…

Q: Cities and towns mainly rely for revenue on a. excise taxes. b. income taxes. c. payroll…

A: Note: Since you have asked more than one question, we are going to answer the first question due to…

Q: The nation of Lugash has commissioned a panel of economists to recommend possible remedies for…

A: Since, you have posted a question with multiple sub-parts, we will solve the first three question…

Q: Which statements are TRUE? 1. Factor substitution measures the degree of substitutability…

A: Since, you have asked more than one question, we will be answering the first three questions for…

Q: The poverty line is based on cash income, which means it does not take into account government…

A: The poverty line is the minimum level of income required to meet the minimum living conditions in an…

Q: Jsing the following data, you calculated National Income in an early question. Wages and Salaries…

A: The GDP is the absolute of all worth-added made in an economy. The worth added implies the worth of…

Q: Analyze and propose solution to the economic problem using the principles of applied economics.…

A: Poverty due to scarcity - The term scarcity refers to the fixed wants of an individual due to the…

Q: Part A: You are giving a talk on a new concept, economic insecurity. A skeptical audience member…

A: Hi. Since there are two questions we will answer only the first one.

Q: United States data from the Congressional Budget Office at CBO.gov. Before-tax Income, rounded to…

A: Cumulative percentage of total population Croatia- 2000 Croatia- 2010 US- 2020 20% 8 9 5 40% 13…

Q: Due to a stagnant income for 23 years, the number of Mexicans who cannot buy the basic basket has…

A: Consumer price index is the average change in the prices for a basket of goods and services over…

Q: Poverty may be reduced: By redistributing income By increasing the gross domestic product [GDP] By…

A: Poverty and inequality are reduced when income is redistributed in form of higher taxes to rich and…

Q: Absolute poverty may differ from country to country by a. income brackets b. health metrics c.…

A: When talking about absolute poverty, it does not only depends upon living standards based on…

Q: Which of the following is part of mandatory outlays? A. Income assistance B. Defense spending…

A: A Outlay happens when Federal cash is really paid out, not simply vowed to be paid ("obligated").…

Q: Government intervention is typically considered desirable if: it leads to fall in the price of all…

A: Most economies of the world today follow a mixed economic system wherein market forces and…

Q: The average income of the economy before the regressive transfer is $20 and the covariance between…

A: Introduction: Ginni coefficient: The Gini index, often known as the Gini coefficient, is a measure…

Q: Which of the following is true regarding means-tested welfare programs with benefit reduction rates…

A: When the benefit deduction rate is decreased from the initial benefit deduction level, then it leads…

Q: Many economists believe that a more effective way to supplement the income of the poor is through a…

A: Taxes owed = (1/4 of income) - $10,000 --------------------- When income is $0 Taxes owed = (1/4 *0)…

Q: The net factor income from abroad are 90 billion and the NDP at factor cost or 411 billion find the…

Q: Social Security taxes are regressive because: O they apply only to rich people. O they are not…

A: A regressive tax is the higher tax rate on the poor and lowers on the rich. The rate of the tax…

Q: Comparison of the share of the total income in a society that different groups receive measures:…

A: The answer is - income inequality.

Q: Many government assistance programs phase-out as recipients' income increases. The government can…

A: Government uses various programs to support people and provide them financial assistance to reduce…

Q: Distinguish between size and functional distributions of income in a nation. Which do you conclude…

A: Income: Pay is cash what an individual or business gets in return for giving work, delivering a…

Q: 44. Since the Social Security system began in 1935, the number of workers per retiree has Group of…

A: The social security system would result in the security of the people living below the poverty line…

Q: What is a common way to measure income inequality? Group of answer choices A)Dividing ranked…

A: PLEASE FIND THE ANSWER BELOW. INCOME INEQUALITY: Income inequality is how unevenly income is…

Q: In 2011, the government paid $600 million in retirement benefits to decreased federal employees.…

A: The government paid $600 million in retirement benefits to decreased federal employees. This is a…

Q: inequality in the distribution of personal income EXCEPT a. progressive income taxes b.…

A: Income inequality is said to arise when the income is unevenly distributed in the population of the…

Q: Susan is a single mother with three children. She can earn $8 per hour and works up to 2,000 hours…

A: The table is divided into three columns, with the first column listing Susan's annual work hours,…

Q: Currently, in the United States, poverty rates are comparatively low Group of answer choices for the…

A: The above question is based on 2011 data.

Q: Which two of the following are most likely to reflect a move towards a more equal distribution of…

A: Ans. 19. The Gini coefficient is a tool that measures the income and wealth inequality of different…

Q: Incomes in China and India are a small fraction of incomes in the United States. But incomes in…

A: The Lorenz curve is a graphical portrayal of the dispersion of income or abundance in the general…

Q: Economic Consequences of an Inequality of Incomes and Wealth A rising inequality of incomes and…

A: Secular stagnation is a chronic shortfall of aggregate demand, fearing that this shortfall would in…

Q: TRUE or FALSE 64. Public policy is essential in solving poverty at the local and national levels.

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following statements are true about income inequality? Choose all that apply. A. Income…

A: Inequality in terms of income refers to the manner in which a population's income is allocated…

Question

Government purchases in national income accounts would include expenditures for payments of:

Multiple Choice

public assistance for welfare recipients.
Social Security checks to retirees.
public assistance for military veterans.
salaries for current U.S. military officers.

Definition Definition Monetary value of all goods and services produced in an economy during a financial year. National income also refers to the total income earned by the factors of production during a financial year.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

True/False # Government budget is a statement of actual receipts and payments of the government for the last financial year.
Although the gross domestic product (GDP) has historically been the strongest indicator of national revenue, it has a number of drawbacks as a gauge of both overall output and wellbeing.
a tax decrease will decrease consumption a tax increase will increase consumption consumption and after-tax income are unrelated consumption varies inversely with after-tax incomes consumption varies directly with after-tax incomes
In an economy find national income if NNPMP is $36,000 and net indirect tax is $22000
During the 2012 fiscal year, households in an economy spent 80 per cent of their disposable income on consumption as well as GH¢300 consumption expenditure which is independent of income. Total government expenditure which stood at GH¢800 was supposed to be financed from a proportional tax levy of 50 per cent of national income and a VAT of GH¢100. Total private investment spending was made up of GH¢400 whereas export was GH¢400 and anautonomous import of GH¢500. Also, marginal propensity to import was 0.15 Determine the equilibrium national income for this economy.
During the 2012 fiscal year, households in an economy spent 80 per cent of their disposable income on consumption as well as GH¢300 consumption expenditure which is independent of income. Total government expenditure which stood at GH¢800 was supposed to be financed from a proportional tax levy of 50 per cent of national income and a VAT of GH¢100. Total private investment spending was made up of GH¢400 whereas export was GH¢400 and anautonomous import of GH¢500. Also, marginal propensity to import was 0.15.1. Determine the equilibrium national income for this economy.2. Determine the consumption and savings levels at equilibrium national income.3. Find the size of the (expenditure) multiplier.4. Determine the new equilibrium level of income if government expenditure increases by GH¢70.5. If full employment output is 2000, what macroeconomic problem does this economy face? 6. In what direction should government expenditure change in order to achieve full employment output? 7. Determine…
If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000, rental receipts on land are $200, total business profits before taxes are $2,200, depreciation is $1,750, and indirect business taxes are $1,000, then gross domestic income is
In Country X ( population of 100 million), the GDP per capita for the year 2022 was $10,000, and the GDP deflator for the same year was 120. The government revenue amounted to $2.5 billion, with government spending totaling $3 billion. Considering these values, calculate: a) The nominal GDP of Country X for the year 2022. b) The real GDP of Country X for the year 2022. c) The government budget balance for the year 2022. d) If the government decides to implement a policy to reduce carbon emissions, leading to increased spending of $150 million on renewable energy projects, how would this affect the government budget balance?
Gross domestic product (GDP) equals $5 trillion. If consumption equals $3.5 trillion, investment equals $1 trillion, and government spending equals $1.5 trillion, then: A. net exports equal zero. B. imports exceed exports by $1 trillion C. exports exceed imports by $1 trillion D. imports exceed exports by $1.5 trillion E. exports exceed imports by $1.5 trillion
Following a tax cut by government, domestic investment will ________ and net exports will ________. increase; increase increase; decrease decrease; increase decrease; decrease
Within the circular flow of income, withdrawals are composed ofA) saving, net taxes and import expenditure.B) consumption, net taxes and import expenditure.C) saving, net taxes and export expenditure.D) saving, investment and import expenditure.
In the beginning of the year, the economy has public debt (or national debt) of $470 million. This year, tax revenues collected by the government is $50 million and government outlays are $75 million. At the end of the year, this country has public debt (or national debt) of $____ million.