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What happens to taxes when the government increases spending?
they go up
What happens when expenditure exceeds income?
We can say that the business is in profit
What happens to government revenues when the government tax base is increased?
When the government tax base is increasedgovernmentrevenues will increase.
What happens when the government collects more revenue than it spends?
When the government collects more revenue than it spends, it generates a budget surplus. This surplus can be used to pay down national debt, invest in infrastructure, or save for future needs. Additionally, a surplus can provide the government with more flexibility in fiscal policy, potentially allowing for lower taxes or increased spending in other areas. Ultimately, a budget surplus can strengthen the overall economic position of a country.
What happens to a net personal income with the government lowers taxes?
If the government lowers your taxes your NET income increases.
Which term explains what happens to the national economy when household spending exceeds savings?
prosperity
What happens to taxes when the government increases spending?
they go up
What happens when the government spends more than its annual revenue?
Deficit Spending
Which term explains what happens to the national economy when house hold spending exceeds savings?
The term that explains the situation when household spending exceeds savings is "consumption-driven economy." In such an economy, increased consumer spending can stimulate economic growth by driving demand for goods and services. However, if this trend continues unchecked, it may lead to increased debt levels and potential financial instability. Balancing spending and savings is crucial for long-term economic health.
How does crowding in versus crowding out impact the overall effectiveness of government spending on economic growth?
Crowding in occurs when government spending stimulates private sector investment, leading to increased economic growth. Crowding out happens when government spending reduces private sector investment, potentially limiting economic growth. The overall effectiveness of government spending on economic growth depends on whether crowding in or crowding out occurs.
What type of government happens when the federal and state governments share power?
national and state
What happens to the money that your employer withholds from you paycheck?
Your employer sends it to the federal government to help your income tax bill
What happens when expenditure exceeds income?
We can say that the business is in profit
What happens when intraalveolar pressure exceeds atmostpheric pressure?
lung at rest
What happens when energy intake exceeds the bodys energy needs?
Ambot
What happens when energy intake exceeds the body energy needs?
Ambot
What happens when stress exceeds the strength of material?
the material looses its shape
