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When the government collects more revenue than it spends what will be the result?
Wiki User
∙ 8y ago
A Surplus
Wiki User
∙ 8y ago
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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.
What is the red-tape in accounting information system?
Red tape is the symbol for the hoops you have to jump through, the paperwork you have to fill out, and the things you have to do in order to get help from or business done with the federal bureaucracy. Some people restrict the definition a little more--they would only call something red tape if it is actually a useless procedure. It's a tough choice government (and business) always has to make. You can decide that it isn't worth it for the government to spend so much time making records and tracking everything it spends money on, because it costs so much money to do that, and often stalls the individuals or companies trying to work with the government. The problem is that if you cut out all the red tape, there is no way to track how it was spent and whether someone ripped of the government. Just like with every business, the government has to decide how much time and money they want to waste to ensure that people who steal from them get caught. People are usually most critical when the paperwork or red tape is useless and doesn't prove what it set out to do, or when it is impossible to get around. Examples would be requiring a license that is not available (impossible), or one that anyone can have just by signing their name (useless).
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.
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 when the government spends more than its annual revenue?
Deficit Spending
When does a budget surplus result?
A budget surplus results when the goverment collects more money than it spends.
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 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.
Economic policy?
Economic policy concerns the way the government collects and spends money and regulates the market. Income tax rates are an example of economic policy.
Which of the following statements best describes a stage in the crowding-out effect?
The government issues treasury bonds and spends the revenue on a new highway system.
