Explain the difference between government spending and government purchases of goods and services.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
The federal state and local governments spend about half of their receipts on the ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
You are given the following information about the economy in 2015 (all in billions of dollars): a. Find equilibrium income. Show that the government budget deficit (the difference between government...
-
Explain the difference between government purchases and transfer payments. Give two examples of each.
-
One of the difficulties in estimating multipliers is that during normal times, government spending and taxes do not change too much so it is difficult to isolate their effects on the economy....
-
What is food processing ? Different types of food processing methods Briefly explained
-
According to Nielsen Company, 21% of households in the United States in 2009 relied solely on their cell phones for phone service instead of landlines. Nielsen also reported that this percentage has...
-
The dielectric material between the plates of a parallel plate capacitor always has some nonzero conductivity &. Let A represent the area of each plate and d the distance between them. Let 4...
-
All this talk about developing leading indicators of our process performance and customer needs is really missing the mark, argued Ronald Melcher, the executive vice president of marketing for...
-
You have just landed a summer internship (congratulations) with the management information services group of Pirelli, the Italian global tire manufacturer. Management is acutely aware of the...
-
Amazon is planning to launch a new version of its home - automation device, the Echo 2 . The company has already spent $ 4 0 million on research and development and needs another year and $ 3 0...
-
Your brother has just started a new job as the Controller of an IESBA restricted audit client. You do not serve on the audit engagement. What steps must you take to ensure your independence is not...
-
Describe the growth of the economic roles of the federal government since the 1930s.
-
Explain how and why trade barriers have come down in recent decades.
-
Like other businesses, insurance companies seek to minimize expenses associated with doing business to enhance profitability. To study expenses, this exercise examines a random sample of 500...
-
Begin by locating a scholarly article regarding the effects of increases on minimum wages and discuss its findings. Does a minimum wage increase lead to reductions in employment, or is the overall...
-
Pick an organization (or you can use an example that has professional relevance), and use the DAC framework to accomplish the following objectives. Provide background and a problem statement of the...
-
Woodruff Company is currently producing a snowmobile that uses five specialized parts. Engineering has proposed replacing these specialized parts with commodity parts, which will cost less and can be...
-
What was Newell's organizational culture like before acquiring Rubbermaid? What was the quadrant? Is the perspective short or long term, inside or outside focused, interested in people, process, or...
-
(7.47 of Koretsky 2nd edition) A binary mixture of species 1 and 2 can be described by the following equation of state: P = a 0 VoT The pure species coefficients are given by: amix y1a1a2Y2 with the...
-
Political expectations, inflation, and unemployment Consider a country with two political parties, Democrats and Republicans. Democrats care more about unemployment than Republicans, and Republicans...
-
Cable Corporation is 60% owned by Anna and 40% owned by Jim, who are unrelated. It has noncash assets, which it sells to an unrelated purchaser for $100,000 in cash and $900,000 in installment...
-
Assume that BF, Inc., an all-equity firm, has a firmwide WACC of 10 percent and that the firm is broken into three divisions: Textiles, Accessories, and Miscellaneous. The average Textiles project...
-
Most of the recessions since World War II lasted _________. a) less than 6 months d) 18 to 24 months b) 6 to 12 months e) 24 to 36 months c) 12 to 18 months
-
Medicare and Medicaid were inaugurated under the administration of _____. a) Franklin D. Roosevelt b) Harry S. Truman c) Dwight D. Eisenhower d) John F. Kennedy e) Lyndon B. Johnson
-
________. completely changed the face of the United States in the 25 years following World War II. a) Almost constant warfare b) Suburbanization c) Welfare spending d) The loss of jobs to Japan,...
-
In the Marriott example, one discussion point considered when a firm might use a single hurtle rather than different divisional or business unit rates. When a single rate is used and the divisions...
-
Which of the following are elements of a bootstrappable business model? Indicate ALL that apply. Large up-front capital investment Recurring revenue stream Long sales cycles Word of mouth advertising
-
Hooligan Adventure Supply produces and sells various outdoor equipment. The Molding and Assembly production departments are supported by the Personnel and Maintenance departments. Personnel costs are...
Study smarter with the SolutionInn App