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: 5 The largest source of government revenues is ________.   Select one: a. personal income taxes…

A: The question is asking to identify the largest source of government revenues among the given…

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: help please answer in text form with proper workings and explanation for each and every part and…

A:

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: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: given                                                            Federal government expenditure…

Q: True or False   1.Budgeting for the government is far more complicated, the federal government has…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

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: Assume for the following scenario that there is a 10% sales tax on gasoline. Determine the amount of…

A: The sales tax of 10% is implemented. The taxable income income and gasoline expenditure for each…

Q: Income before tax (dollars) 0 20,000 40,000 60,000 80,000 Tax plan A (dollars) 0 2,000 5,000 10,000…

A: In a progressive tax structure is a tax structure in which the tax burden increases as taxable…

Q: Question: Which of the following fiscal policy tools involves the government spending more money…

A: The correct answer is:a) Expansionary fiscal policyExpansionary fiscal policy involves the…

Q: What are the major functions of a government budget? Discuss “revenue” and  “development” budgets…

A: A government budget is a statement of its planned expenditures and revenue receipts for a given time…

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 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: $4,00060, 00024,000.0060,000$6,000Complete the following table by deriving the marginal tax rates in…

A: Information on the income tax systems in two hypothetical countries:Country ACountry BTaxable income…

Q: The sources of revenue for state and local governments are                              ["the same…

A: Revenue is the income generated by the activities carried out by the business organization or by the…

Q: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: The budget deficit = Government expenditure - Government revenue Primary deficit = Budget deficit -…

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: Question: Expansionary fiscal policy is characterized by: A) Increased government spending and/or…

A: Expansionary fiscal policy aims to stimulate economic growth and demand by increasing government…

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: None

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

Q: Where does the federal government obtain almost all of their revenue?     foreign governments…

A: Government revenue is the income available to fund the activities of a government. Government can…

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: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1: Marginal tax rate is 24% because $110,000 in annual income falls under the bracket of…

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: Which of the following is a significant revenue source for state and local governments, but not the…

A: The tax is a unilateral payment made by the public towards the government for various purposes. The…

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: 5 In order to boost the economy, the government should implement expansionary fiscal policy by…

A: In order to boost the economy, the government should implement expansionary fiscal policy .

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: Question 10 Fiscal policy involves the manipulation of O federal government spending and tax…

A: Fiscal Policy makes use of adjusting government spending and taxation in order to achieve the…

Q: Net public debt is the portion of the national debt that is held outside the federal government and…

A: The national debt is the aggregate of money that is owned by a government. It is equivalent to the…

Q: What are the automatic stabilizers in the fiscal policy? How does fiscal policy destabilize the…

A: A policy through which the government tends to adjusts its levels of spending and rates of tax for…

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: The total tax revenue of the government is $400 million and the non tax revenue is $270 million…

A: The information being given is:- Total tax revenue = $400 million Non tax revenue = $270 million We…