When the government expenditure exceeds the government receipts it is known as?

Q: What are government transfer payments? Are they included as part of the government spending…

A: In an economy, all the economic activities performed by the citizens that resulted in income value…

Q: Daniela had a gross income of $91,369 in 2010. What was her net income in 2010? Use the income tax…

A: Net income is the gross income minus tax paid by the consumer.  Gross income is is income that…

Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings…

A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the…

Q: Calculate the value added if the value of output is $630 million and the intermediate consumption is…

A: According to the above given question we have the following values:- Value of output = $630 million…

Q: find the budget expenditure when the plan expenditure is $86222 and the non plan expenditure is…

A: Generally in the given question, Plan expenditure value is = $86222 Non plan expenditure is = $53910…

Q: State whether the following statements are true or false, then explain. (a) Buying a Japanese-brand…

A: Gross domestic product refers to the final value of all final goods and services produced in a…

Q: ne day, Barry the Barber, Inc., collects $400 for haircuts. $50 is the cost of operation, which…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first three questions for…

Q: If households pay $1,000 in interest payments and receive $1,200 in interest, wages equal $9,000,…

A: The gross domestic income measures the economic activity of a country by summing up the income…

Q: Explain any two items which are included in the expenditure method of national income?

A: According to the given question According to the expenditure method the national income is basically…

Q: What is the Real GDP in 2020, according to the table below? Has the Real GDP increased or decreased…

A: The nominal GDP is the monetary value of all goods and services that is produced within the…

Q: Among the components of personal consumption expenditures (C) the spending of durable goods that…

A: The term personal consumption income (PCEs) alludes to a proportion of credited family consumptions…

Q: In an effort to curb the use of cigarettes, the US has utilized taxes to inhibit the purchase of…

A: Consumer surplus is that area which are lies below the demand curve and above the price level on the…

Q: The consumption is $430 and the income is $630  Calculate the APC

A: The information being given is:- Consumption = $430 Income = $630 We have to calculate the value of…

Q: (a) Explain the difference between government spending and the government Purchases of goods and…

A: Since you have asked multiple questions, we will answer the first question for you. If you require…

Q: what will be the budget expenditure if the revenue expenditure are 620 and the capital expenditure…

A: Initially in the given question, Revenue expenditure are as = 620 Capital expenditure stated as =…

Q: Calculate value added if value of output is $13,000 and intermediate consumption is $7700

A: Product Method or Value Added Method This technique means the worth added by different undertakings…

Q: Calculate value added if given:- Value of output = $5500 Intermediate consumption = $2500

A: The data presented in the question above is:- Value of output = $5500   Intermediate consumption =…

Q: If consumption and savings are $300 and $150 respectively Calculate income of household

A: The data presented in the question above is:- Consumption = $300  Savings = $150  Income of the…