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What happens when the government collects more revenue than it spends?
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When the government collects more revenue than it spends what will be the result?
A Surplus
What is government accounting?
Government accounting is the authorizing, tracking and recording of revenue and expenditures. It can govern how taxes are raised and how the executive of a government spends the proceeds.
What are 3 ways government spends tax money?
the government spends this tax money by aiding and helping everyone to obtain all their needs in the society and country.
What industry spends the most money on Information Technology?
The banking and financial services industry spends the most money on information technology at 10.5 percent. The education and government industry also spend a significant amount on IT.
What is income tax spent on?
Federal income taxes fund the federal budget. The federal budget is spent in a variety of ways, from military and defense spending, federal employee salaries, federal buildings, grants to state/local governments for various projects, such as roads and schools, foreign aide as well as everything else the federal government does. Check http://www.gpoaccess.gov/usbudget/ for more info about how/where the federal government spends money.
When the government collects more revenue than it spends what will be the result?
A Surplus
What occurs when the government collects more revenue than it spends?
Deficit A+ the government will have a surplus
What occurs when the government spends more than he collects in revenue?
That's called a deficit.
What happens when the government spends more than its annual revenue?
Deficit Spending
Suppose the savings rate is 15 for every dollar the government collects in tax revenue and spends on public good and infrastructure the net result will be?
an increase in total investment by 85 cents
Suppose the savings rate is 15 percent. For every dollar the government collects in tax revenue and spends on public goods and infrastructure, the net result will be _____.?
an increase in total investment by 85 cents
What happens to your tax?
The government spends it.
What is government accounting?
Government accounting is the authorizing, tracking and recording of revenue and expenditures. It can govern how taxes are raised and how the executive of a government spends the proceeds.
The public debt increases when?
The Government spends more money than it collects.
What happens when a government runs a budget deficit?
The government prominently collects money in form of taxes and it spends money in many ways such as defense, government jobs, aid programs such as EBT, and etc. Therefore when the government runs a budget deficit they are spending more than they collect, more than likely effecting the national savings.
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
Who spends government money?
The government spends it.
