Discretionary spending is spending that must appropriated by Congress each fiscal year. Mandatory spending is spendingthat does not require congressional or presidential action once the programs are established.For each item, indicate whether it is an example of discretionary or mandatory spending.DiscretionaryDefense spendingSpending on national parksFunding of the FBIMandatorySocial SecurityMedicareO

Through annual appropriations legislation, the President and Congress must decide how much…

Answered: oes not require congressional or…

oes not require congressional or presidential action once the programs are established. ach item, indicate whether it is an example of discretionary or mandatory spending.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: 29. The government is thinking about increasing the gasoline tax to promote conservation. The tax…

A: The price elasticity of demand (Ed) measures how much the quantity demanded of a good changes in…

Q: The following graph shows the weekly market for sweatpants in some hypothetical economy. Suppose the…

A: The tax is a fixed mandatory amount imposed by the government on the consumers and producers in the…

Q: Considering the equation 'AD=C+I+G+ NX,' an increase in personal income taxes will Select one: O a.…

A: Aggregate demand (AD) refers to the total demand for goods and services in an economy over a…

Q: PLS HELP ASAP ON BOTH

A: 1) The Index Exchange Traded Fund (ETF) is most likely to be passively managed. This is because ETFs…

Q: the vertical distamce betwen pom A amd B nepresents a tax im the manket. supply 12 1 Demand 35 50…

A: When government impose tax the burden of tax is shared by buyer and seller both it can be imposed on…

Q: An increase in the excise taxes will shift the supply on right side. Select one: e a. True O b.…

A: The government imposes taxes on the people in the economy in order to collect revenue. The taxes are…

Q: Compared to consumers, producers will lose the greater amount of surplus from a tax if supply is…

A: The correct Option is (A) That is the supply is more elastic than the demand

Q: After the pandemic, if the city of Pasadena increased sales tax by 1% to help pay for some of the…

A: After the pandemic, many cities and regions have been exploring various fiscal measures to support…

Q: The Obama administration increased the tax on the top income tax bracket from 35% to 39%. Supply and…

A: Equilibrium is a steady state of balance of affairs where market adjustment occurs. Pricing is…

Q: 1. Compare the minimum the effects on alcohol consumption of imposing unit price of alcohol with…

A: The expression "duty" alludes to a type of tax collection required on specific products,…

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: Here, there are three families having different income levels and paying the same tax rate. A income…

Q: Suppose there is an icnrease in budget defecit what happens to intrest rates, goverment spedning,a…

A: A budget deficit occurs when the government expenditure exceeds government revenue, the government…

Q: 21) A tax is regressive if it takes a A) larger number of dollars as income falls. B) smaller…

A: A tax is a mandatory payment to the government. The tax amount used by the government for public…

Q: 4. Show how the graph below changes when the government imposes a $6 excise tax. After the tax is…

A: The government charges an indirect tax on particular goods in the market referred to as an excise…

Q: Match the tax Oxamplo wth the tax structure Rat Tx on stato Residonts Stateh r nd coe Ta TPC 3. 3.…

A: Taxes are a significant and biggest kind of revenue for the public authority. The public authority…

Q: Question 13 All of these programs are considered discretionary spending EXCEPT. O Education.…

A: In the field of economics, government spending is analyzed in terms of its impact on resource…

Q: OF Duppose a tax of $4 imposed. on a tee' equilibrium quont decreosefrom 2006 units to the unit is…

A: A tax is a unilateral payment that the public need to make towards the government for various…

Q: he following table shows tax payments made for various incomes. According to the information in the…

A: The following problem has been answered as follows:

Q: Tax Bracket : 0-$20,000 = 10% $20,001-$60,000 = 15% $60,001-$100,000 = 35%…

A: Given information: Income between $ 0 to $20,000 is taxed at 10% ------------> first tax slab…

Q: cial utive

A: The branch of federal government which must approve a budget is the legislative.

Q: ractice midterm questions eview 10 PLEASE IGNORE Consider the supply and demand diagram…

A: We have to find out the quantity sold after tax

Q: 53. The side of the market with the relatively higher elasticity will face more of the tax burden.…

A: Elasticity measures the change in quantity due to change in price. The higher Elasticity shows that…

Q: Projected blanks to complete the sentence about the federal deficit. Federal otlas 7,000 sanu pu…

A: Government Budget Deficit = Expenditure - Revenue

Q: margina i propenfity ij 0.5 AUTonomas conumptiin 200 governmentspeniaing is Jl0 intended invesmentis…

A: Note: There are multiple sub parts for this question. We shall answer the first three sub parts for…

Question

Discretionary spending is spending that must appropriated by Congress each fiscal year. Mandatory spending is spending
that does not require congressional or presidential action once the programs are established.
For each item, indicate whether it is an example of discretionary or mandatory spending.
Discretionary
Defense spending
Spending on national parks
Funding of the FBI
Mandatory
Social Security
Medicare
O

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Trending now

This is a popular solution!

Step by step

Solved in 5 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Answer plzz
Suppose that the demand for CDs is very price elastic and the supply is very price inelastic. A per unit tax imposed on CDs would be borne a. equally by buyers and sellers. b. more heavily by buyers. c. more heavily by sellers. d. by neither buyers or sellers.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
I need the other side of the chart for regressive tax
(Answer the E) Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2PIts is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2P If the government provides a subsidy for tge product of Rp 10/ unit of goods, what is the price and quantity of goods in balance new E. Calculate the amount of subsidy received by consumers and manufacturers , as well subsidies issued by the government *Rp : Indonesian currency
estion 9 Golden Age of fiscal policy is has all of the following, except: O under 2 percent inflation rate O below 5 percent unemployment rate income tax cut O income tax increased Et e ch ex DE
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Hello I need help with introducing a per unit tax into this diagram? Also How do I do this,label the quantity, the new buyer (consumer) price and the new seller (producer) price?
Special interest groups tend to be able to infil hce legis O a. special interest groups have rational ignorance. O b. voters have an incentive to oppose the legislation. O c. the costs for voters opposing the legislation are higher than the benefits. O d. special interest groups have an incentive to educate voters.
5. How can lowering replacement rates or increasing the retirement age affect the Social Security tax rate?
The graph shows befire-tax, where the equilibrium is at 25. When the government levies the tax of 30 on X, price consumer have to pay changes to 35, and prince sellers recieve changes to 5. And at Ps:5, quantity is at 10. What is the consumers’ tax incidence and sellers’ tax incidence, when comaparing the chnage in the prices from before-tax equilibrium price 25??
4. Which two ministries use up more of the provincial budget than all the others combined?