Answered: Which of the following is part of…

Which of the following is part of mandatory outlays? A. Income assistance B. Defense spending C. Government employee salaries

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section: Chapter Questions

Problem 12AA

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Question

Which of the following is part of mandatory outlays?

Income assistance

Defense spending

Government employee salaries

Infrastructure maintenance

Expert Solution

Step 1

A Outlay happens when Federal cash is really paid out, not simply vowed to be paid ("obligated"). Installments made to exchange a commitment (other than the reimbursement of obligation head or different distributions that are "method for financing" exchanges). Outlays are the proportion of Government spending.

Government outlays incorporate both spending and transfer payments. Accordingly, development of another expressway is a spending thing for the public authority, while joblessness benefits are transfer payments.

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