•If taxes > government spending, this is a leakage from the circular flow of income and can have a deflationary effect on real GDP.•Fiscal austerity to achieve a budget surplus could have damaging effects on the quality of public services and may increase inequality.•Some countries, suc...
Public services (recurring spending) State investment (investment projects) 點擊卡片即可翻轉 👆 1 / 15 HarveyDGTurner Quizlet上的頂尖創作者 · 3年前建立 分享 學生們也看了以下學習集: Economic Development 6個詞語 本學習集中的詞語(15) What does government spending consist of?
Study with Quizlet and memorize flashcards containing terms like Mandate, Interest Groups, straw poll and more.
Controlled spending The government lays a(n) ___ on the manufacture, sale, or consumption of goods. excise tax What are the four expressed limitations on the Federal Government's power to tax? Must be for public use only.May not be used on exports.Direct taxes must be equally apportioned...
(Examples: Raising and Spending Revenue, Borrowing money, Commence, Naturalization and Bankruptcy, Currency, Counterfeiting, etc.) Impeach To accuse a public official of misconduct in office Treaty A formal agreement between the governments of two or more countries Executive Agreement An agreement made...
用Quizlet學習並牢記包含Understand the differences between the legislative, judicial, and executive branch, and in which Article of the Constitution their responsibilities are found.、Who holds power in a democracy? In a dictatorship?、What is a confedera
"The creation of a State Board of Education, composed of the Governor, Comptroller, and Secretary of State" "Limits on school spending, requiring that the state could spend no more than ¼ of its general revenue on public schools" ...
A tax . imposed on spending to buy goods and services; they are paid to the government by producers/firms What are the two types of indirect taxes and what is the difference between the two? Excise tax: Tax on particular goods and servicesGeneral sales tax: Tax on all (or most) goods...
-PACs are private analysis corporations that analyze political spendings-PACs are political answers to concerns for a political party -PACs are the political arms of special interest group What is a subsidy?-Is an individual that supports a candidate running for a political office.-Is a ...