Which of the following accurately describes the phenomenon of crowding out?     government borrowing pushes up interest rates, driving out private investment and consumption     government spending drive up the budget deficit     government spending causes more goods to be allocated to the public sector and fewer are available for the private sector     Increasing the proportion of public sector spending in the composition of GDP renders production less competitive and therefore less efficient.

Question 21 An increase in real per capita GDP in an economy would __________ the average standard of living and would _________ life expectancy.   raise; have little effect on   raise; shorten   raise; increase   have no effect on; increase   lower; shorten       Question 22   An increase in _________ would lead to an increase in long-run economic growth.   consumer spending and borrowing   government taxes and fees   resources and technology   imports and exports   prices and interest rates     Question 23   Which of the following are the three major categories of resources?   physical capital, technology, institutions   land, labor, technology   institutions, human capital, land   natural resources, physical capital, human capital   labor, physical capital, technology

For the U.S. government, which of the given is NOT an example of discretionary spending? defense spending science spending Medicaid Medicare   For the U.S. government, which of the given is NOT an example of mandatory spending? Medicare education spending Social Security interest on the national debt   Which type of spending currently takes up a larger proportion of the U.S. federal budget? Mandatory spending and discretionary spending take up an equal amount. mandatory spending discretionary spending

Which of the following is not a means of financing government spending? Government subsidies Personal income taxes O Printing new money O Issuing government bonds

Which of the following is an example of discretionary fiscal policy? A(n) Group of answer choices increase in Social Security entitlements provided by the federal government. increase in the money supply. decrease in interest rates. decrease in lump-sum taxes.

Government debt in the United States can be categorized a number of different ways. For each debt definition, please indicate all of the scenarios which match that type of debt. The national debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. the Social Security Administration. a citizen of Germany. a little old lady in Peoria.   The public debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria. the Social Security Administration.   Internally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria.   Externally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria.