Which of the following is NOT a category of fiscal policy?   Group of answer choices government policies regarding taxation government policies regarding money supply in the economy government policies regarding transfer payments and welfare benefits government policies regarding the purchase of goods and services

Question 18/28 > NEXT A BOOKMARK 18 According to the pie chart, which of the following provides the most revenue for the federal government? Federal Tax Revenue 2015: $3.18 trillion Corporate Inco Taxes Miscellaneous Individual Income Taxes Excise Taxes $1.48 trillion 47% Customs Duties Payroll Taxes $1.07 trillion 34% nationalpriorities.org PRIORITIES A Individual income taxes B Corporate taxes C Payroll taxes D Excise taxes DELL -> @ # $ 7 8. 1 4 W e y < O 5

Question 34 T,G ($) 400 309 200 100 G 0 $100 200 300 400 500 600 700 800 GDP Refer to the above graph in which T is net tax revenues and G is government expenditures. All figures are in billions. In this economy: government expenditures are planned, budgeted and independent of GDP. government expenditures are planned and vary directly with GDP; tax revenues are independent of GDP. government expenditures are planned, budgeted and vary inversely with GDP. government expenditures are planned, budgeted and vary directly with GDP.

Question 15 Congress' Economic Council recommends avoiding budget deficits to avoid crowding out private investment. The council appears to follow a. the supply side approach to fiscal policy. b. the neoclassical approach to fiscal policy. c. the Keynesian approach to fiscal policy. d. conservative principles to avoid debt.

Fill in the blanks: _______________     ___________ = income received but no goods are produced in exchange.   ________________, ____________________, and durable goods are the three categories of Consumption Expenditures.  ______________  Domestic Product = GDP minus depreciation.

8. Agreement and disagreement among economists Suppose that Kevin, an economist from a consulting firm, and Maria, another economist from a graduate program in the Northeast, are both guests a popular science podcast. The host of the podcast is facilitating their debate over budget deficits. The following dialogue represents a portion of the transcript of their discussion: Maria: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Kevin: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Maria: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economists chosen at random most likely to agree? Central banks should focus more on…

Suppose that the Philippine tax schedule given below is being implemented this year. (sorry, disregard the box) Tax Payment P 1,000 4,500 14,000 Annual Income P10,000 30,000 70,000 140,000 250,000 500,000 35,000 75,000 160,000

Why is it important to budget? (Note: You may discuss it in personal level to government level).

Topic: Fiscal Policy 1. A government collects $0.35 on every new dollar of income. Of the remaining $0.65 of disposable income, 20% is spent on imports, and 10% of the disposable income is saved.  a. What is the marginal propensity to withdraw?b. How much of each new dollar of income is spent on domestic consumption?c. What is the spending multiplier in this economy?

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