Mandatory & Discretionary
GNP
Government consumption considers spending on defense, judicial system, education, etc... It does not take into account expenditures such as unemployement benefits and social security.
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
The expenditure approach calculates GDP by summing the four possible types of expenditures as follows:GDP=Consumption etc.
Yes, government spending is included in the expenditures calculations of GDP.
cfc
GNP
Government consumption considers spending on defense, judicial system, education, etc... It does not take into account expenditures such as unemployement benefits and social security.
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
Barry D. Rosenfeld has written: 'Canadian government expenditures, 1871-1966' -- subject(s): Appropriations and expenditures, Canada, Expenditures, Public, Finance, Public, Government spending policy, Public Expenditures, Public Finance
Morris Beck has written: 'Government spending' -- subject(s): Appropriations and expenditures, Expenditures, Public, Public Expenditures
A balanced budget
F.S Jones has written: 'A programming model of government expenditures' -- subject(s): Expenditures, Public, Mathematical models, Public Expenditures
the Philippine expenditure is very high!
The expenditure approach calculates GDP by summing the four possible types of expenditures as follows:GDP=Consumption etc.
Yes, government spending is included in the expenditures calculations of GDP.
calculate the amount "government expenditure" must change, if the MPS is .25