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Earn +20 ptsQ: Consumption Expenditures + Investment + Government Expenditures = _______.?
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Continue Learning about American Government
What government expenditures must be authorized each year?
tax rebates
Which term is best defined as a the amount of money that the government spends on programs in a year?
expenditures
What would most likely occur if the government's priority was to increase government expenditures?
increase taxesincrease taxesincrease taxes.
What is balanced budget?
A budget for which expenditures are equal to income. Sometimes a budget for which expenditures are less than income is also considered balanced. The concept is often discussed in reference to the federal government.
How is fiscal policy controlled?
Taxes, and government spending. Increasing taxes will decrease consumption and supply. Lowering taxes will increase consumption and supply. Increasing government spending will increase national consumption, and decreasing government spending will decrease national consumption. The economics AD-AS model shows a visual representation of the effects of fiscal policy on the economy if you are further interested.
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