Consider this data on the 2017 state budget for Alabama. What were the two largest components of state expenditure in 2017? Group of answer choices education and public welfare highways and hospitals insurance trust expenditure and public welfare education and hospitals

Q: Budget National Budget Deficit Debt / GDP Surplus Debt GDP %

A: When government expenditure exceeds its income is depicted by the concept of budget deficit. When…

Q: following is not regarded as part of fiscal policy Select one: a. Increased taxation b. Decreased…

A: Fiscal policy is a policy through which a government, in turn, adjusts its rates of taxation and…

Q: What is the relationship between a budget deficit and the national debt? A budget deficit adds to…

A: A budget deficit is the excess of government spending over government taxes.  i.e., Budget deficit =…

Q: Which component makes up the largest part of government outlays in the federal budget of the United…

A: The outlays are considered as one of the measures through which government spending is understood.…

Q: Refer to the data in the table below to answer the following question. Federal Budget: 2012 Line…

A: The budget allocated to human resources in 2012 was $2,942,658 million.The budget allocated to…

Q: From the following data about a Government budget, find out (a) Revenue deficit, (b) Fiscal deficit,…

A: Formula used for the Calculations. Revenue deficit = Revenue Receipts - Revenue Expenditure. Fiscal…

Q: Indicators used to describe the fiscal situation for Saudi

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Q: i) Calculate total government expenditures. ii)Calculate total government spending. iii)Is the…

A: Government expenditure and spending are one and the same thing. Government expenditure = Government…

Q: Federal Government's Budget Plan for Fiscal Year ($billion)          REVENUES     OUTLAYS   Personal…

A: Budget plan refers to that plan which provides estimates of the future revenues and expenses.

Q: The table below shows hypothectical figures of revenue and spending for the Canadian government. For…

A: Net tax revenue will be calculated as tax revenue minus transfer payments. The transfer payments…

Q: True or False: Pensions and income security make up the largest share of federal expenditures.

A: The expenditure of the economy is divided in two parts which are state and central government…

Q: Government spending is divided into all of the following categories, except: A) welfare spending B)…

A: Government spending or expenditure includes all government consumption, investment, and transfer…

Q: The public debt is the amount of money that Multiple Choice the federal government owes to…

A: Public debt is the loan taken by the government from the public, banks, institutions, and…

Q: Which of the following is not a form of government revenue? a) b) Excise duties Relief grunts given…

A: The correct answer is: Option (b) Relief grants given to the poorRelief grants given to the poor are…

Q: Calculate the value of total receipts if Total expenditure is $320 million and the budgetary deficit…

A: The information being given to us is as follows:- Total expenditure = $320 million Budgetary deficit…

Q: Briefly explain the FOUR stages of Budget cycle of the Union Government, with focus on the role of…

A: A government budget is the estimation of the government's revenue and expenditure during the coming…

Q: 47. The federal government runs a budget surplus when Group of answer choices the economy is in a…

A: Budget surplus is the situation if excess reserves.

Q: In Virginia, in 2019, if you made $10,000 a year in income, you paid $120 +5% of excess over $5,000.…

A: There are different types of taxes imposed by the government on the basis of the type of transaction…

Q: Historically, which of the following are reasons that a large US public debt might not threaten to…

A: An increase in US public debt might not threaten to bankrupt the Federal government on account of…

Q: The table below shows hypothectical figures of revenue and spending for the Canadian government. For…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: The table below presents the tax revenue and government expenditures for a local government.…

A: A budget surplus refers to the excess tax revenue generated over government expenditure. A budget…

Q: Eastlandia's GDP in 2021 is $18229. Government budget deficit in 2021 is $64.2. Government debt at…

A: When government spending is larger than taxes, then the government budget is in deficit. When…

Q: The Federal Government brings in revenue through taxation in all of the following forms EXCEPT:   A.…

A: The federal government does not primarily depend on sales and property taxes to generate sales.…

Q: Assume a government has $28,667 in tax revenues and $40,094 in total government spending. What is…

A: Answer; Government budget balance= Tax revenue-total expenditure Here, Tax revenue = $28,667 and…

Q: Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded…

A: Budget balances in macroeconomics refer to the difference between a government's total revenue and…

Q: The U.S. government spent more than $3.6 trillion in the 2006 fiscal year. The following table…

A: Step 1: Step 2: Step 3:

Q: d. The percentage of total revenue made up by corporate income taxes is e. The percentage of total…

A: Formulas: The percentage of total revenue made up of corporate income taxes = corporate income…

Q: None

A: To calculate the public debt over the four-year period, we need to find the difference between the…

Q: Government Tax Revenues Spending $ 450 Year GDP 1 $ 425 $ 2,000 2 500 450 3,000 3 600 500 4,000 4…

A: Government planned their Budget , one part is revenue and one part is expenditure , so here we…

Q: A political candidate has written an op-ed piece in which she claims that the U.S. government debt…

A: Given,  The U.S government debt has continually grown and is out of control. The government cannot…

Q: The largest portion of the federal budget is dedicated to   discretionary spending.   mandatory…

A: Federal budget: It means the estimate of the government of revenue and spending for each fiscal…

Q: Explain fully the meaning of fiscal autonomy and how local government units raise revenues to…

A: The term fiscal autonomy refers to the freedom to collect revenue, apply local taxes, take financial…

Q: 6. Taxes where high income households pay a higher percentage of their income in taxes than low…

A: A tax is a charge being levied by any government upon an individual or an organization for…

Q: This table shows the U.S. federal income tax rates from 2015. (Source: Internal Revenue Service)…

A: Introduction We have given a data of U.S federal income tax rates from 2015. Each row shows the tax…

Q: The public welfare spending category for state and local governments includes many programs that are…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: houses savng 300   bus savng 400   gov purchase 1000   gov transfer and interest pay 500…

A: The major source of income for the government is tax. Tax can be considered as the contribution of…

Q: The table below presents the tax revenue and spending for the government over five years Government…

A: Introduction: Government income, often known as national revenue, is the money that a government…

Q: S. Allocation of government expenditures Federal and local governments tax and spend. The following…

A: Public consumption, public investment, and transfer payments made up of capital transfers and income…

Q: The two largest areas of federal spending which impact the U.S. budget are

A: In total federal spending, social security contributes to highest with 33 % and then medicare and…

Q: Federal spending consists of:   discretionary and mandatory spending. discretionary federal…

A: Mandatory spending: Spending on government programs required by law.  Discretionary spending:…

Q: A government shows the primary deficit of $20000 the revenue expenditure on the interest payments is…

A:

Q: Government spending $515 Tax revenues Year 1 $400 Year 2 Year 3 459 442 529 482 Refer to the above…

A: National Public debt is the burden on government if the expenditure exceed the revenue , so they…

Q: True/False # Government budget is a statement of actual receipts and payments of the government for…

A: A government budget is a report ready by the government or potentially other political element…

Q: Using the budget data below, calculate the debt-to-GDP ratio as of December 31, 2020 (Round your…

A: The Debt-to-GDP ratio is a tool that compares a country's total debt to its GDP. It is computed by…

Q: Calculate the budgetary deficit in a country which has a total expenditure of $19,000 million and…

A: A Budget is a term mainly used for government expenditure or spending instead of Business firm's…

Q: Which of the following statements illustrate a regressive tax? Tom gets a new job and his income…

A: A regressive tax is mainly applied in a manner that the tax rate decreases as the total taxable…

Q: Changing Budget Priorities) What spending category claimed the largest share of federal outlays…

A: When an unregulated market fails to allocate resources efficiently then this situation is known as a…