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What is it called when government spending does not exceed it income?
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∙ 9y ago
Balanced budget
Ottis Dickens
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Keynes emphasized that income was determined by which of these?
consumption, investment, and government spending
Keynes emphasized that income was determined by what?
Comsumption, investment and government spending
What greatest proportion of the money used for government spending is collected from?
Income Tax.
Does an increase in government spending increase income?
An increase in government spending helps to stimulate an economy. Because the government is now paying other people to do work, those people are now receiving an income. They can then reinvest in the economy, leading to an overall growth in the nation's economy.
Can government spending directly affect both the allocation of resources and the distribution of income?
True
What is it called when government spendings does not exceed its income?
Balanced budget
What was the economic policy that advocated a reduction in government spending and cuts in personal income taxes called?
reagonomics
An economic policy that advocated a reduction in government spending and cuts in personal income taxes was called?
Reaganomics
What is phrase that means the excess of government spending over income?
Deficit spending.
Both the increased spending by the national government and the nationally imposed income tax?
Both the increased spending by the national government and the nationally imposed income tax
What is it called when your expenses exceed your income?
UNSUCCESSFUL
What is deflect spending?
Deflect spending refers to the practice of redirecting or minimizing expenses in order to save money or avoid unnecessary costs. It involves finding alternative, more cost-effective options for goods or services, or delaying or eliminating non-essential purchases.
Keynes emphasized that income was determined by which of these?
consumption, investment, and government spending
Keynes emphasized that income was determined by what?
Comsumption, investment and government spending
What greatest proportion of the money used for government spending is collected from?
Income Tax.
Why the government spending multiplier is different form the tax multiplier?
The government spending multiplier is different form the tax multiplier from the top of my head is because the government spending total effect ripples off. That is if government spending increase then the total income increases. When total income increase, consumption increases, when consumption increases total income increases further (as consumption is a factor of total income), and this pattern is carried forward. This is the the multiplier effect, such that an increase in government spending's final impact on income is much bigger than its initial increase. The tax multiplier on the other hand, has a much smaller effect than government spending. This is because tax is only a portion of the consumer income. That is, if there is a tax cut, consumers only save a fractional amount (specifically 1-MPC) of a tax cut. As a result of the smaller boost in spending form ma tax cut, the ripples/multiplier effect of a tax cut is much less than an increase in government spending.
What is deflect?
Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit," or "budget deficit," the opposite of budget surplus.
