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Who spends government money?
The government spends it.
Which term is best defined as a the amount of money that the government spends on programs in a year?
expenditures
Which of these would be most useful for representing information about the different ways the federal government spends all of its money?
A pie chart dividing up the budget into categories
What is a practice by the government of spending more money than it takes in during a specific time period?
One thing is people demanding the Gov't provide more services and benefits to them then they are willing to share the cost of paying for.
What is the main cause for US debt?
At its simplest definition, if the government spends more then it gains, in a single year, then it has, what is called a 'budget deficit'. If there is a deficit, it adds to the US debt.
What occurs when the government collects more revenue than it spends?
Deficit A+ the government will have a surplus
When the government collects more revenue than it spends what will be the result?
A Surplus
What happens to your tax?
The government spends it.
What occurs when the government spends more than he collects in revenue?
That's called a deficit.
The total amount that a nation's government owes is called?
Debt. The amount the government spends, above and beyond incoming revenue is called a deficit. The accumulated annual deficit spending plus interest is the debt.
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 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.
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.
How does tourism affects Tonga?
It generates revenue and income from the tourists buying souvenirs. Also, the income that a store's owner (if it isn't owned by the government) spends it on goods generating revenue to Tonga's government. This is basically, of how all countries, get tourism's effect.
What is the difference between deficit and public dept?
The annual deficit is the amount of money the government is losing every year: basically, how much it spends beyond what it makes. The national debt is the sum of all the annual deficits combined.
When a firm's expenses are greater than its sales revenue the firm has a?
When a firm spends more than it gains in revenue it is called a LOSS.
