Government purchases are spending by the government on goods, services, and factors of production. Government expenditures represent total government spending including goods, services, grants to state and local governments, and transfer payments. Since the 1950s, total government expenditures, as a percentage of GDP, have increased and total government purchases, as a percentage of GDP, have decreased . The major cause of these trends is A. there has been a major increase in the amount of transfer payments the government makes through programs such as Social Security and unemployment insurance. B. there has been a decrease in income tax rates for most households in the U. S. C. there has been a reduction in the nominal amount of government purchases on military as the U. S. does not engage in military conflicts. D. All of the above. Click to select your answer.
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Business, 22.06.2019 16:30, piratesfc02
Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?
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Business, 22.06.2019 17:40, treestump090
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
Business, 22.06.2019 18:00, Mw3spartan17
In which job role will you be creating e-papers, newsletters, and periodicals?
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Government purchases are spending by the government on goods, services, and factors of production. G...
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