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Study sets matching "and economics government spending"

Economics: Government Spending
public sector
private sector
transfer payment
grant-in-aid
part of economy made up of governments
part of the economy made up of private individuals and privat…
payment for which the government receives neither goods nor s…
a transfer payment that one level of government makes to anot…
public sector
part of economy made up of governments
private sector
part of the economy made up of private individuals and privat…
29 terms
Economics: Government Revenue and Spending
revenue
benefits relieved principle and abilit…
benefits received principle
ability to pay principle
government income from taxes and nontax sources
what are the 2 principles of taxation?
this principle is described of those who use a service provid…
this principle is used to describe people who should be taxed…
revenue
government income from taxes and nontax sources
benefits relieved principle and abilit…
what are the 2 principles of taxation?
28 terms
Government Economics: Revenue and Spending
Tax
What does the Government provide?
Revenue
Tax base
Mandatory payment to local, state, or national government, wh…
Public goods, primarily for people in aid
How much the government makes off tax and non-tax sources
Types of wealth that are subjected to taxes
Tax
Mandatory payment to local, state, or national government, wh…
What does the Government provide?
Public goods, primarily for people in aid
85 terms
Economics: Taxes and Government Spending
Why do we need taxes?
Define taxes.
Why does the government need taxes?
What level of government are taxes pai…
It pays for the government
A mandatory payment to the government that comes out of an in…
to function
all levels of government
Why do we need taxes?
It pays for the government
Define taxes.
A mandatory payment to the government that comes out of an in…
17 terms
Economics Taxes and Government Spending
Withholding
Mandatory Spending
Tax Base
Deductions
Deducted to pay for unemployment, applied to social security.
Money that the government is required by law to use for certa…
Income, property, or goods/services that are subject to a tax.
Variable amounts you can subtract from your gross income.
Withholding
Deducted to pay for unemployment, applied to social security.
Mandatory Spending
Money that the government is required by law to use for certa…
8 terms
The Economics of Government Spending
Based on what you know about historica…
All of the following are examples of t…
Distribution of income explains the wa…
A grant-in-aid is a:
B.)spending on World War II
A.)the purchase of fighter jets.
TRUE
A.)transfer payment
Based on what you know about historica…
B.)spending on World War II
All of the following are examples of t…
A.)the purchase of fighter jets.
41 terms
Economics Test- Government Spending
Pork
Public Sector
Purchasing good and services; transfer…
Transfer Payment (and Examples)
A line-item budget expenditure that circumvents normal budget…
the part of the economy consisting of federal, state, and loc…
2 Types of Government Spending
payment for which the government receives neither goods nor s…
Pork
A line-item budget expenditure that circumvents normal budget…
Public Sector
the part of the economy consisting of federal, state, and loc…
37 terms
Economics Chapter 14: Government Revenue and Spending
tax
revenue
tax base
individual income tax
n. a mandatory payment to a government (p. 410)
n. government income from taxes and nontax sources (p. 410)
n. a form of wealth—such as income, property, goods, or servi…
n. a tax based on an individual's income from all sources (p.…
tax
n. a mandatory payment to a government (p. 410)
revenue
n. government income from taxes and nontax sources (p. 410)
28 terms
Economics - Chapter 10 - GOVERNMENT SPENDING
pork
public sector
private sector
transfer payment
a line-item budget expenditure that circumvents normal budget…
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
pork
a line-item budget expenditure that circumvents normal budget…
public sector
the part of the economy consisting of federal, state, and loc…
17 terms
economic issues: competition, government spending
competition
perfect competition
to withold
monopsony
konkurencja
konkurencja doskonała
wstrzymać
monopson
competition
konkurencja
perfect competition
konkurencja doskonała
57 terms
Economics Chapter 10 Government Spending
pork
public sector
private sector
transfer payment
a line-item budge expenditure that circumvents normal budget…
that part of the economy made up of local, state, and federal…
that part of the economy made up of private individuals and b…
payment for which the government receives neither goods nor s…
pork
a line-item budge expenditure that circumvents normal budget…
public sector
that part of the economy made up of local, state, and federal…
19 terms
Economics Unit 14: Government Spending and Fiscal Policy
Per Capita
Public Sector
Private Sector
Distribution of Income
Per Capita is used in the field of statistics to indicate the…
That part of the economy made up of the local, state, and fed…
The part of the economy that involved the transactions of ind…
Way in which that nation's income is divided among families,…
Per Capita
Per Capita is used in the field of statistics to indicate the…
Public Sector
That part of the economy made up of the local, state, and fed…
37 terms
Economics Chapter 10 Government Spending
public sector
private sector
transfer payment
grant in aid
that part of the economy made up of local, state, and federal…
that part of the economy made up of private individuals and b…
payment for which the government receives neither goods nor s…
a type of transfer payment from one level of government to an…
public sector
that part of the economy made up of local, state, and federal…
private sector
that part of the economy made up of private individuals and b…
30 terms
Economics Government spending test review
Distribution of income explains the wa…
When the government produces goods and…
Government growth during the Great Dep…
Interstate highway construction progra…
True
True
False
True
Distribution of income explains the wa…
True
When the government produces goods and…
True
Economics - Chapter 10 - GOVERNMENT SPENDING
pork
public sector
private sector
transfer payment
a line-item budget expenditure that circumvents normal budget…
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
pork
a line-item budget expenditure that circumvents normal budget…
public sector
the part of the economy consisting of federal, state, and loc…
20 terms
Economics Government Spending and Taxes Quiz
Tax
Revenue
Tax bases
Proportional tax
mandatory payment to a government; should be fair, simple, an…
government income
what is being taxed; i.e: individual income, sales, property,…
same percentage of taxation for all
Tax
mandatory payment to a government; should be fair, simple, an…
Revenue
government income
25 terms
Economics - Chapter 10 - Government Spending
public sector
private sector
transfer payment
grant in aid
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
transfer payment from one level of government to another that…
public sector
the part of the economy consisting of federal, state, and loc…
private sector
the part of the economy made up of private individuals and pr…
25 terms
Economics - Chapter 10 - GOVERNMENT SPENDING
public sector
private sector
transfer payment
grant in aid
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
transfer payment from one level of government to another that…
public sector
the part of the economy consisting of federal, state, and loc…
private sector
the part of the economy made up of private individuals and pr…
25 terms
Economics - Chapter 10 - GOVERNMENT SPENDING
public sector
private sector
transfer payment
grant in aid
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
transfer payment from one level of government to another that…
public sector
the part of the economy consisting of federal, state, and loc…
private sector
the part of the economy made up of private individuals and pr…
25 terms
Economics - Chapter 10 - GOVERNMENT SPENDING
public sector
private sector
transfer payment
grant in aid
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
transfer payment from one level of government to another that…
public sector
the part of the economy consisting of federal, state, and loc…
private sector
the part of the economy made up of private individuals and pr…
37 terms
Economics: Chapter 14: Government Revenue and Spending
tax
revenue
tax base
individual income tax
is a mandatory payment to a government
is government income from taxes and other sources
is a form of wealth such as income, property, goods, or servi…
is based on an individual's income from all sources
tax
is a mandatory payment to a government
revenue
is government income from taxes and other sources
19 terms
Economics - Chapter 10 - GOVERNMENT SPENDING
per capita
public sector
private sector
transfer payment
per person basis; total divided by population
the part of the economy consisting of local, state, and feder…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
per capita
per person basis; total divided by population
public sector
the part of the economy consisting of local, state, and feder…
41 terms
Chapter 14 Taxes and Government Spending (Economics)
Taxes
Revenue
Tax Base
Individual Income Tax
Mandatory fees placed on income, property or goods to support…
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Taxes
Mandatory fees placed on income, property or goods to support…
Revenue
Income received by a government from taxes and nontax sources.
Economics Government Spending Study Guide
deficit
surplus
deficit spending
balanced budget amendment
when the government spends more money than it collects
when the government collects more money than it spends
when the government borrows money in order to keep spending
a constitutional amendment that would ban deficit spending
deficit
when the government spends more money than it collects
surplus
when the government collects more money than it spends
34 terms
Chapter 14 Taxes and Government Spending (Economics)
Tax
Revenue
Tax Base
Individual Income Tax
A requiered payement to local, state, or national government.
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Tax
A requiered payement to local, state, or national government.
Revenue
Income received by a government from taxes and nontax sources.
28 terms
Economics - Chapter 10 - GOVERNMENT SPENDING
pork
public sector
private sector
transfer payment
a line-item budget expenditure that circumvents normal budget…
the part of the economy consisting of federal, state, and loc…
the part of the economy made up of private individuals and pr…
a payment for which the government receives neither goods nor…
pork
a line-item budget expenditure that circumvents normal budget…
public sector
the part of the economy consisting of federal, state, and loc…
19 terms
Economics Unit 14: Government Spending and Fiscal Policy
Per Capita
Public Sector
Private Sector
Distribution of Income
Per Capita is used in the field of statistics to indicate the…
That part of the economy made up of the local, state, and fed…
The part of the economy that involved the transactions of ind…
Way in which that nation's income is divided among families,…
Per Capita
Per Capita is used in the field of statistics to indicate the…
Public Sector
That part of the economy made up of the local, state, and fed…
27 terms
Economics Chapter 10: The Economics of Government Spending
pork
public sector
private sector
transfer payment
a line-item budget expenditure that circumvents normal budget…
the part of the government made up of local, state, and feder…
the part of the economy made up of private individuals and bu…
payment for which the government receives neither goods nor s…
pork
a line-item budget expenditure that circumvents normal budget…
public sector
the part of the government made up of local, state, and feder…
10 terms
Economics 14.3 Federal Government Spending
mandatory spending
discretionary spending
entitlement
Medicaid
n. government spending that is required by current law (p. 428)
n. spending that the government must authorize each year (p.…
n. a social welfare program with specific eligibility require…
n. a government-run medical insurance program for low-income…
mandatory spending
n. government spending that is required by current law (p. 428)
discretionary spending
n. spending that the government must authorize each year (p.…
29 terms
Chapter 14 Taxes and Government Spending (Economics)
Tax
Revenue
Tax Base
Individual Income Tax
A required payment to local, state, or national government.
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Tax
A required payment to local, state, or national government.
Revenue
Income received by a government from taxes and nontax sources.
42 terms
CP Economics Unit 4: Government Taxation and Spending
Government Revenue
Revenue
Impact of Taxation
Sin Tax
money collected by the government to fund its spending
money earned and collected by an organization
reallocates resources (redistributes), changes behavior, and…
a relatively high tax designed to raise revenue as well as re…
Government Revenue
money collected by the government to fund its spending
Revenue
money earned and collected by an organization
33 terms
Economic ch 14: taxes and government spending
tax
revenue
tax base
individual income tax
a required payment to a local, state, or national government
income received by a government from taxes and non tax sources
income, property, good, or service that is subject to a tax
a tax on a person's income
tax
a required payment to a local, state, or national government
revenue
income received by a government from taxes and non tax sources
34 terms
Chapter 14 Taxes and Government Spending (Economics)
Tax
Revenue
Tax Base
Individual Income Tax
A required payment to local, state, or national government.
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Tax
A required payment to local, state, or national government.
Revenue
Income received by a government from taxes and nontax sources.
65 terms
Economics Chapter 14 Government Revenue and Spending
James Madison
Obama
tax
income, sales
"Charity is no part of the legislative duty of the government."
"We need earmark reform, and when I'm President, I will go li…
a mandatory payment to local, state, or national government,…
Taxes, such as ______ tax and _____ tax, are a part of everyd…
James Madison
"Charity is no part of the legislative duty of the government."
Obama
"We need earmark reform, and when I'm President, I will go li…
19 terms
Economics Unit 14: Government Spending and Fiscal Policy
Per Capita
Public Sector
Private Sector
Distribution of Income
Per Capita is used in the field of statistics to indicate the…
That part of the economy made up of the local, state, and fed…
The part of the economy that involved the transactions of ind…
Way in which that nation's income is divided among families,…
Per Capita
Per Capita is used in the field of statistics to indicate the…
Public Sector
That part of the economy made up of the local, state, and fed…
22 terms
Chapter 14 Economics (Taxes and Government Spending)
tax
government revenue
Government Spending
tax withholding
required payment to a local, state, or national government
income received by a government from taxes and other nontax s…
national defense, highways, schools, law enforcement, etc.
employers withhold payment out of your pay before you receive…
tax
required payment to a local, state, or national government
government revenue
income received by a government from taxes and other nontax s…
22 terms
Economics Chapter 16 Government Spends, Collects, and Owes
Public-Works Projects
Medicare
Public Goods
Income Redistribution
Publicly used facilities such as schools and highways that ar…
Health for the aged.
Special type of goods or services that government supplies to…
Using tax receipts to assist citizens in need.
Public-Works Projects
Publicly used facilities such as schools and highways that ar…
Medicare
Health for the aged.
32 terms
Economics chapter 14: taxes and government spending
Tax
Revenue
Progressive tax
Proportional tax
Required payment to local state, government, or national gove…
Income received by a government from taxes and other non tax…
A tax for which the percentage of income paid in taxes increa…
Tax for which the percentage of income paid in taxes remains…
Tax
Required payment to local state, government, or national gove…
Revenue
Income received by a government from taxes and other non tax…
53 terms
Economics Chapter 14: Government Revenue and Spending
tax
revenue
tax base
individual income tax
a mandatory payment to a government
government income from taxes and nontax sources
n. a form of wealth—such as income, property, goods, or servi…
n. a tax based on an individual's income from all sources
tax
a mandatory payment to a government
revenue
government income from taxes and nontax sources
34 terms
Chapter 14 Taxes and Government Spending (Economics)
Tax
Revenue
Tax Base
Individual Income Tax
A requiered payement to local, state, or national government.
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Tax
A requiered payement to local, state, or national government.
Revenue
Income received by a government from taxes and nontax sources.
9 terms
econ Ch 10.1 Economics of government spending
3 trillion
per capita
public sector
1) world war II... 2) change in public op…
in 2003, total expenditures by federal, state, and local gove…
per person
the part of the economy made up of federal, state, and local…
why did spending in the public sector increase?
3 trillion
in 2003, total expenditures by federal, state, and local gove…
per capita
per person
34 terms
Chapter 14 Taxes and Government Spending (Economics)
Tax
Revenue
Tax Base
Individual Income Tax
A requiered payement to local, state, or national government.
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Tax
A requiered payement to local, state, or national government.
Revenue
Income received by a government from taxes and nontax sources.
37 terms
Economics Chapter 14: Government Revenue and Spending
tax
revenue
tax base
individual income tax
n. a mandatory payment to a government (p. 410)
n. government income from taxes and nontax sources (p. 410)
n. a form of wealth—such as income, property, goods, or servi…
n. a tax based on an individual's income from all sources (p.…
tax
n. a mandatory payment to a government (p. 410)
revenue
n. government income from taxes and nontax sources (p. 410)
33 terms
Economic Chapter 14: Taxes and Government Spending
tax
revenue
tax base
individual income tax
a required payment to a local, state, or national government
income received by a government from taxes and non-tax sources
income, property, good, or service that is subject to a tax
a tax on a person's earnings
tax
a required payment to a local, state, or national government
revenue
income received by a government from taxes and non-tax sources
34 terms
Chapter 14 Taxes and Government Spending (Economics)
Tax
Revenue
Tax Base
Individual Income Tax
A requiered payement to local, state, or national government.
Income received by a government from taxes and nontax sources.
Income, property, good, or service that is subject to a tax.
A tax on a person's earnings.
Tax
A requiered payement to local, state, or national government.
Revenue
Income received by a government from taxes and nontax sources.
21 terms
Economics: Government Spending and Taxes Ch. 13
Fiscal policy
Expansionary fiscal policy
Contractionary fiscal policy
Aggregate demand curve
the use of federal government spending and taxes to achieve t…
an increase in federal government spending or a reduction in…
a decrease in federal government spending or an increase in t…
shows real gross domestic product that will be purchased at d…
Fiscal policy
the use of federal government spending and taxes to achieve t…
Expansionary fiscal policy
an increase in federal government spending or a reduction in…
51 terms
Economics Chapter 14 - Taxes and Government Spending
Tax
Revenue
Article 1, Section 8, Clause 1
16th Amendment
a required payment to local, state, or national government
income received by a government from taxes and non-tax sources
- taxes must be for the common defense/general welfare... - taxe…
legalized income tax in 1916
Tax
a required payment to local, state, or national government
Revenue
income received by a government from taxes and non-tax sources
15 terms
Economics: Chapter 14 - Taxes & Government Spending
Distribution of Income
Flat Tax
Progressive tax
Regressive tax
the way which income is allocated among families, individuals…
everyone pays the same regardless of level of income
Higher pay, higher tax
tax where % of income in tax goes down as income rises
Distribution of Income
the way which income is allocated among families, individuals…
Flat Tax
everyone pays the same regardless of level of income
19 terms
Economics Ch. 14 - Taxes & Government Spending
tax
the power to tax
progressive tax
proportional tax
payments to the government that allow the government to operate
Art.1 Sec. 8 of the U.S. Constitution
percentage of taxes paid increases as income increases... ex: in…
percentage of income paid in taxes remains the same at all in…
tax
payments to the government that allow the government to operate
the power to tax
Art.1 Sec. 8 of the U.S. Constitution
7 terms
Ch. 10, Section 1: The Economics of Government Spending
pork
public sector
private sector
transfer payment
a line-item budget expenditure that circumvents normal budget…
the part of the economy made up of local, state, and federal…
the part of the economy made up of private individuals and bu…
payment for which the government receives neither goods nor s…
pork
a line-item budget expenditure that circumvents normal budget…
public sector
the part of the economy made up of local, state, and federal…
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