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What is the difference between uncontrollable and controllable spending?
Controllable spending is the type of spending that you decide to do. Uncontrollable spending is the type of spending that you have no choice about. Budgets are typically dominated by uncontrollable spending.
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
Why is it difficult for the federal government to increase or decrease spending?
Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the appropriate measure of government s involvement in economic activity?
it is the share of government spending in total spending in the economy
What term refers to money already committed to spending because of previous legislation?
Uncontrollables
What is the difference between uncontrollable and controllable spending?
Controllable spending is the type of spending that you decide to do. Uncontrollable spending is the type of spending that you have no choice about. Budgets are typically dominated by uncontrollable spending.
Why is the government legally committed to spending for uncontrollables?
Because of previous legislation, which means that a percentage of the money that the federal government spends each year is already consigned to specific purposes and cannot be controlled by the committees that were established by previous legislation. That is why they are called uncontrollables.
Expenditures required by law or those from previous budgetary commitments are?
Uncontrollables
Is GDP connected to government spending?
Yes, government spending is included in the expenditures calculations of GDP.
Why is it difficult for the federal government to increase or decrease spending?
Because two thirds of all government spending is on entitlements which the government connot easily alter. (by Solomon Zelman)
What influences government spending?
the macroeconomic objectives being pursued by the government will greatly influence government spending . a government aiming to reduce employment and promote economic growth is likely to pursue an expansionary fiscal policy , thus increasing government spending where as a government aiming to control inflation is likely to follow a contractions policy thus reducing its spending.
What is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
Is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
What is the appropriate measure of government s involvement in economic activity?
it is the share of government spending in total spending in the economy
What has a been a trend in the 20th century?
growing levels of government spending <------------------ APEX :)
How do government priorities affect government spending?
taxes
