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What does a budget reveal about a government?
A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.
Is fiscal policy when the government uses government spending and taxes to affect economic performance?
Yes. :)
Can government spending directly affect both the allocation of resources and the distribution of income?
True
How did government spending affect the economy-?
Federal spending on forgein aid increased demand for U.S goods.
How does the government use demographic data?
It depends on the government's priorities, but demographic data can be used to allocate government spending. A couple of examples: more schools for area with high proportion of young couples, more healthcare facilities for areas with older people.
What are the factors that would affect the aggregate demand?
Consumption, investment, government spending, net exports, and aggregate expenditures.
How did a decade of Republican government affect the economy?
A decade of republican government put the economy in debt. During Reagan's time the money was spend on defense spending.
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
How does Keynesian Economics affect today's nation?
The theory that government spending should increase during business slumps and be curbed during booms.
Crowding in affect?
Crowding in has a positive effect on investors. As government spending goes up, the investors profits also go up from the revenue.
What Factors affect consumer spending?
The factors that affect consumer spending are: Size of Income, Future Expenditures, and Social Influences.
Why is it difficult for the federal government to increase or decrease spending?
Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)
