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Defence, Medicare & Welfare
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∙ 13y ago
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Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
Causes of public debts?
majorly caused by increased government spending
Gross Domestic Product can be measured as the sum of?
Consumer Spending + Investments + Government Spending + Net Exports C + I + G + N = Y
What is Total consumption spending comprised of?
Total consumption spending is comprised of durable goods, non-durable goods, and services. Total consumption spending is a major economic factor in the US economy.
What are the five major of e-business application?
(a) five categories of eBusiness Application Types. Give examples.
What are the 3 larges categories of federal government spending?
Health
What is major expenditures?
The five largest expense categories in a spending plan
What is the fastest growing category of federal expenditures since 1980?
Federal spending by the government, is divided into three different categories. They are mandatory spending, discretionary spending and net interest. The fastest growing of those categories since 1980 is mandatory spending.
What is included in household consumption expenditure?
Any spending that will not fall into any of the other categories (investment, Government, and Net Exports) -So taxes would go to government spending, etc.
What are the twelve categories of expenditures in the federal budget?
The four main spending categories that the federal government spends money on are Medicare, Medicaid, Social Security, and national defense.
What is one major use of government fiscal policy?
One major use of government fiscal policy is to allow the government to control its own spending on programs.
What categories cover spending ratio and single merchant spending?
Authorization Controls
What categories covers Spending Ratio and Single Merchant Spending?
Authorization Control
MS-DRG system major diagnostic categories?
25 major categories
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
What are the two largest categories for federal spending?
Income security and health and education.
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)
