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Local financial reserves were exhausted

An increase in sales taxes An elimination of unemployment relief programs

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16y ago

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What did Hoovers public work programs do for the US?

enployment


Why were there such a large public debt?

Large public debt can arise from various factors, including excessive government spending, economic downturns, and the need to finance public services and infrastructure. During crises, such as recessions or pandemics, governments often increase borrowing to stimulate the economy or provide support to citizens. Additionally, tax cuts without corresponding spending cuts can exacerbate debt levels. Over time, accumulated deficits contribute to a larger public debt burden.


What is used to increase overall demand and GDP?

To increase overall demand and GDP, governments often use expansionary fiscal policy, which includes increasing public spending and cutting taxes. This stimulates consumer spending and investment, leading to higher demand for goods and services. Additionally, central banks may lower interest rates to encourage borrowing and spending, further boosting economic activity. Together, these measures can help stimulate economic growth and improve overall economic performance.


Why is Dyson a secondary sector?

Dyson is a secondary sector because it manufactures its own patented hoovers and is not involved in the tertiary industry but because it sells hoovers to shops such as 'Comet' it does not sell any hoovers to the public but sells to major suppliers globally.


Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings One reason they do this is to?

increase the elasticity of demand for construction workers


What does the budget of the US government represent?

An agreement among various politicians about public spending.


What bill give approval for spending public money?

the bill of spproval for spending public money :)


What Recession effect on budget?

A recession typically leads to decreased consumer spending and investment, which can result in lower tax revenues for governments. As a result, budgets may be strained, forcing cuts in public services, infrastructure projects, and social programs. Additionally, rising unemployment can increase demand for social safety nets, further complicating budget management. Governments may need to implement stimulus measures or increase borrowing to support the economy, impacting long-term fiscal health.


What are examples of state and local taxes and spending?

State and local taxes include income taxes, sales taxes, property taxes, and various fees such as vehicle registration fees. Spending at these levels typically covers essential services such as education, public safety, infrastructure maintenance, and healthcare. For example, state governments often allocate significant portions of their budgets to K-12 education and public transportation systems. Local governments may focus on community services like parks, waste management, and emergency services.


For which expense do state governments provide financial help to their local governments?

Education and public schools


In what case does state governments provide financial help to their local governments?

Education and public schools


Why did governments back public education?

Not all schools are owned by the government. But they are part of the public services provided by governments to ensure the populace gain a basic education.