Answered: Which of the following is part of…

Which of the following is part of mandatory outlays? A. Income assistance B. Defense spending C. Government employee salaries

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter7: Inflation

Section: Chapter Questions

Problem 3SQ

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Question

Which of the following is part of mandatory outlays?

Income assistance

Defense spending

Government employee salaries

Infrastructure maintenance

Expert Solution

Step 1

A Outlay happens when Federal cash is really paid out, not simply vowed to be paid ("obligated"). Installments made to exchange a commitment (other than the reimbursement of obligation head or different distributions that are "method for financing" exchanges). Outlays are the proportion of Government spending.

Government outlays incorporate both spending and transfer payments. Accordingly, development of another expressway is a spending thing for the public authority, while joblessness benefits are transfer payments.

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