ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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.
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- Give two examples each of revenue receipts and capital receipts in a financial budget.arrow_forwardQuestion 3: Please define the following for the uk economy: Strong reciprocity Fiscal equity Motivating crowding out Performalityarrow_forwardIn the classical budgeting era from WWII to the early 70s, most citizens agreed on public policy and where to spend tax dollars? True or Falsearrow_forward
- 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, technologyarrow_forwardFor 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 spendingarrow_forwardWhich of the following is not a means of financing government spending? Government subsidies Personal income taxes O Printing new money O Issuing government bondsarrow_forward
- 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.arrow_forwardGovernment 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.arrow_forward
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