Discretionary spending is spending that must appropriated by Congress each fiscal year. Mandatory spending is spendingthat does not require congressional or presidential action once the programs are established.For each item, indicate whether it is an example of discretionary or mandatory spending.DiscretionaryDefense spendingSpending on national parksFunding of the FBIMandatorySocial SecurityMedicareO

Through annual appropriations legislation, the President and Congress must decide how much…

Answered: oes not require congressional or…

oes not require congressional or presidential action once the programs are established. ach item, indicate whether it is an example of discretionary or mandatory spending.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: 5. If elasticity > 1 then governments collect more revenues if they increase taxes

A: The curve is elastic if elasticity is greater than 1.If it is less than 1, it is considered to be…

Q: 29. The government is thinking about increasing the gasoline tax to promote conservation. The tax…

A: The price elasticity of demand (Ed) measures how much the quantity demanded of a good changes in…

Q: What is the gross profit? none of the choices How much is the operating expense? [ Select] How much…

A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…

Q: The following graph shows the weekly market for sweatpants in some hypothetical economy. Suppose the…

A: The tax is a fixed mandatory amount imposed by the government on the consumers and producers in the…

Q: Considering the equation 'AD=C+I+G+ NX,' an increase in personal income taxes will Select one: O a.…

A: Aggregate demand (AD) refers to the total demand for goods and services in an economy over a…

Q: A challenger presidential candidate vows to cutentitlement spending by 20 percent in the first…

A: It is unlikely the candidate could achieve this reduction in entitlement spending by 20 percent.

Q: The two largest sources of tax revenue for theU.S. federal government area. personal and corporate…

A: ANS According to the data available US federal govt. collects about 50% of its tax revenue from…

Q: PLS HELP ASAP ON BOTH

A: 1) The Index Exchange Traded Fund (ETF) is most likely to be passively managed. This is because ETFs…

Q: the vertical distamce betwen pom A amd B nepresents a tax im the manket. supply 12 1 Demand 35 50…

A: When government impose tax the burden of tax is shared by buyer and seller both it can be imposed on…

Q: 10

A: It is aprogressive tax because of federal system.

Q: How would you characterize the tax system? O. Progressive Ob. Regressive O. Proportional Od.…

A: The charge that is being levied on goods and services by the government is known as tax. It is…

Q: An increase in the excise taxes will shift the supply on right side. Select one: e a. True O b.…

A: The government imposes taxes on the people in the economy in order to collect revenue. The taxes are…

Q: Compared to consumers, producers will lose the greater amount of surplus from a tax if supply is…

A: The correct Option is (A) That is the supply is more elastic than the demand

Q: D a. public schooling; welfare benefits O b. gains to those with lower incomes; imposes costs on…

A: Income inequality is the way unevenly pay is disseminated all through a populace. The less…

Q: Figure 4 Irice 20 18 16 14 12 10 8 6. 4. Daterta 10 20 30 40 50 60 7O 80 90 100 110 120 130 quantity…

A: In the given graph, market equilibrium is when quantity is 80 units and price is $14. When…

Q: After the pandemic, if the city of Pasadena increased sales tax by 1% to help pay for some of the…

A: After the pandemic, many cities and regions have been exploring various fiscal measures to support…

Q: 9.which flows represent taxes? a. C and D b. E and F c. A and B d. D and E

A: In a market, there is a cyclical flow between firms, households, and government for an exchange of…

Q: The Obama administration increased the tax on the top income tax bracket from 35% to 39%. Supply and…

A: Equilibrium is a steady state of balance of affairs where market adjustment occurs. Pricing is…

Q: S+ tat PE Pi [7+TAX -DE Ds .Q Q Which demand schedule results in a higher tax burden to the consumer…

A: Given

Q: 1. Compare the minimum the effects on alcohol consumption of imposing unit price of alcohol with…

A: The expression "duty" alludes to a type of tax collection required on specific products,…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: Here, there are three families having different income levels and paying the same tax rate. A income…

Q: Suppose there is an icnrease in budget defecit what happens to intrest rates, goverment spedning,a…

A: A budget deficit occurs when the government expenditure exceeds government revenue, the government…

Q: Tax revenue of the government includes : (a) Income tax (b) Corporate tax (d) All of these (c)…

A: According to the given question In simple words we can generally said that tax revenue is defined as…

Q: 21) A tax is regressive if it takes a A) larger number of dollars as income falls. B) smaller…

A: A tax is a mandatory payment to the government. The tax amount used by the government for public…

Q: 4. Show how the graph below changes when the government imposes a $6 excise tax. After the tax is…

A: The government charges an indirect tax on particular goods in the market referred to as an excise…

Q: Match the tax Oxamplo wth the tax structure Rat Tx on stato Residonts Stateh r nd coe Ta TPC 3. 3.…

A: Taxes are a significant and biggest kind of revenue for the public authority. The public authority…

Q: Joe earns S15.000 in income and pays S1500 in taves while Jack earns 540.000 and pays S7.500 in…

A: Disclaimer as you posted multiple questions we are supposed to solve the first one only as per…

Q: 2. How could utility the ory helb us understond the difference behaon a provincial sales tox…

A: The satisfaction or benefit that is being derived by indidviduals through the consumption of a…

Q: Question 13 All of these programs are considered discretionary spending EXCEPT. O Education.…

A: In the field of economics, government spending is analyzed in terms of its impact on resource…

Q: Only typed answer and please don't use chatgpt Suppose the tax multiplier in an economy is -3. How…

A: The rate at which a change in taxes will effect the total spending (the GDP) is known as tax…

Q: (c) The Bank of England has a target of keeping inflation at 2%. Central banks around the world that…

A: Since you have asked multiple question , we will solve the first question for you . If you want any…

Q: OF Duppose a tax of $4 imposed. on a tee' equilibrium quont decreosefrom 2006 units to the unit is…

A: A tax is a unilateral payment that the public need to make towards the government for various…

Q: he following table shows tax payments made for various incomes. According to the information in the…

A: The following problem has been answered as follows:

Q: 1st statement – The Legislative Department levies the taxes. 2nd statement – The Executive…

A: In an economy, the government is one that has the responsibility to manage different economic,…

Q: Tax Bracket : 0-$20,000 = 10% $20,001-$60,000 = 15% $60,001-$100,000 = 35%…

A: Given information: Income between $ 0 to $20,000 is taxed at 10% ------------> first tax slab…

Q: cial utive

A: The branch of federal government which must approve a budget is the legislative.

Q: ractice midterm questions eview 10 PLEASE IGNORE Consider the supply and demand diagram…

A: We have to find out the quantity sold after tax

Q: The figure shows government expenditure and revenue as a percentage of GDP, 1990-2019. Durir which…

A: The government is said to run a budget surplus when its revenue receipts exceeds its expenditure.…

Q: 53. The side of the market with the relatively higher elasticity will face more of the tax burden.…

A: Elasticity measures the change in quantity due to change in price. The higher Elasticity shows that…

Q: Projected blanks to complete the sentence about the federal deficit. Federal otlas 7,000 sanu pu…

A: Government Budget Deficit = Expenditure - Revenue

Q: b 28

Q: margina i propenfity ij 0.5 AUTonomas conumptiin 200 governmentspeniaing is Jl0 intended invesmentis…

A: Note: There are multiple sub parts for this question. We shall answer the first three sub parts for…

Question

Discretionary spending is spending that must appropriated by Congress each fiscal year. Mandatory spending is spending
that does not require congressional or presidential action once the programs are established.
For each item, indicate whether it is an example of discretionary or mandatory spending.
Discretionary
Defense spending
Spending on national parks
Funding of the FBI
Mandatory
Social Security
Medicare
O

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Trending now

This is a popular solution!

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Answer plzz
Suppose that the demand for CDs is very price elastic and the supply is very price inelastic. A per unit tax imposed on CDs would be borne a. equally by buyers and sellers. b. more heavily by buyers. c. more heavily by sellers. d. by neither buyers or sellers.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Modified TRUE or FALSE: On the space provided before the number, place TRUE for correct statement and for incorrect statement, WRITE the word that makes the statement wrong, then write the correct word BESIDE the incorrect word. For example, DEMAND/SUPPLY. producers. sener. C veran than in the long run the tax borne the short incidence falls to the 18-19. When Ed (elasticity of demand) is greater than Es (elasticity of supply), more tax incidence is on the seller. 20-21. When Es(elasticity of supply) is greater than Ed (elasticity of demand), more tax incidence is on buyer.
I need the other side of the chart for regressive tax
please give me correct and inocrrect answer Explanation Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
(Answer the E) Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2PIts is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2P If the government provides a subsidy for tge product of Rp 10/ unit of goods, what is the price and quantity of goods in balance new E. Calculate the amount of subsidy received by consumers and manufacturers , as well subsidies issued by the government *Rp : Indonesian currency
1. What taxes are classified as national internal revenue taxes?
estion 9 Golden Age of fiscal policy is has all of the following, except: O under 2 percent inflation rate O below 5 percent unemployment rate income tax cut O income tax increased Et e ch ex DE
A3. In the case of a pay-as-you-go social security system, how would the tax burden matter?
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
How would the federal Medicare for All bill impact federal financial resources? A. There would be a 13% reduction in US health care expenditures Worth S450 billion B. Private health insurances would pay the government what they have overcharged customers C. There would be less budgeted for the Indlan Health Service & the Veteran's Administration D. The government would lose 13% of its oyerall budget since that would be due to health expenses