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What is the difference between consumption and government purchases?
Wiki User
∙ 12y ago
In macroeconomics, GDP is defined as: Consumption+Investments+Government Purchases+Imports-Exports. This is the "guns versus butter" debate: every dollar the government spends on buying guns (or on government salary, buying pens for government use, etc) is one less dollar available for private consumption of butter. Though technically, since investment is also there, you could make it guns versus butter versus cows.
Wiki User
∙ 12y ago
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Different between consumption and consumption function?
The difference between consumption and consumption function is that the consumption function is a formula that measures consumer spending.
What are the differences between producers and consumers?
The difference between a producer and a consumer is that a producer makes his own food and consumer purchases his own food.
What is the difference in energy consumption and population growth between developed and undeveloped countries?
Bubbles and dicks and cheeses
Difference between public goods and private goods?
Public goods are non-excludable and non-rival in consumption whereas Private goods are excludable and rival in consumption.
What is the difference between capital and non-capital purchases?
When the purpose of the article purchase serve more than one year, the purchase is called Capital Purchase (eg. asset purchase) and if the purpose of the article serve immediately or its consumption is within the year, such purchase is called non-capital purchase (eg. goods, stationery etc)
What is the difference between consumption and income?
the difference between income and consumption
Different between consumption and consumption function?
The difference between consumption and consumption function is that the consumption function is a formula that measures consumer spending.
Difference between linear consumption function and non linear consumption function?
I have no idea. However, in theory there is a difference.
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Difference between central government and union government?
There is no difference between central and union government
What is the difference between government and government?
There is no difference. Government and government are the same thing.
Difference between NJ ST-3 and ST-4?
St-3 is for resale only . ST-4 is for usage like equipment sales or for state government purchases.
What is the difference between governments and government's?
There is no difference. Government and government are the same thing.
What is the difference between a central government and a federal government?
There is no difference between a central government and a federal government. Both of those types of government do the same thing. The only difference is in the name.
What is the difference between consumption consumption function?
consumption is that money who you consume on any thing and the consumption function is that relation who tell you the consuming level on your every money income level.
What is the difference between laptop and desktop CPU's?
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What is difference between a cash payment journal and a purchases journal?
a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions
