In a public goods context, it is difficult to measure impact on real income because b. they make up a small percentage of total GDP. c. it is hard to measure how people value the public good. d. inflation decreases the value of the good.
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- Question Arrange the following revenues in the federal government, from greatest to least. (1 being the greatest, 6 being the least.) Column A 1. 2. 3. 4. 5. 6. Individual Income Taxes Social Security and Medicare Taxes Corporate Income Taxes Excise Taxes Miscellaneous Revenue Customs Duties Column B a. 4 Select the three correct answers. O a Medicare and Medicaid Ob military and defense Uc state and local governments. Ud Federal Bureau of Investigation De education and transportation A f Social Security b. 2 c. 5 d. 1 e. 6 f. 3 Questio Which items are part of mandatory spending in the federal government?1. Government spending is used for the nation's defense, infrastructure, health, and _________ benefits. a. Education b. Welfare c. Safety d. Well-beingA transfer payment is Select one: a.a form of government spending that is not made in exchange for a currently produced good or service. b.the benefit that a person receives from an expenditure by government minus the taxes that were collected by government to fund that expenditure. c.a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. d.a payment that is automatically transferred from your bank account to pay a bill or some other obligation.
- c. A progressive tax d. A regressive tax QUESTION 3 Corporate profits are a. taxed to pay for Medicare. b. exempt from taxes. c. included in payroll taxes. d. taxed twice, once as profit and once as dividends. QUESTION 4 A value-added tax or VAT is a tax on a. retail purchases only. b. pollution. c. all stages of production of a good. d. wholesale purchases only. QUESTION 5 Table 12-17 INCOME $50,000 100,000 200,000 AMOUNT OF TAX $12,500 (25%) $25,000 (25%) $50,000 (25%) TAX A17 Which of these is true about GDP and environment protection? a. An increase in GDP means an increase in environment spending b. An increase in GDP means a decrease in environment spending c. Government spending for protecting the environment is part of GDP d. Government spending for protecting the environment is not a part of GDP1.What is the government’s role in the economy? Explain and give some examples. 2.What is the concept of the bureaucracy? What is Max Weber’s view of the state? Explain and give some examples. 3.What is decentralization? Explain and give some examples. 4.What are some of the fundamental concepts of public administration? Explain and give some examples 5.What is collaborative public management? Explain and give some examples.
- 1. The Ministry of Works and Supply has plans to construct a network on roads and tollgates in Vubwi District. Its permanent Secretary presents this plan to cabinet asking for approval and argues that although the project costs a lot of money at present, it will yield very significant benefits for the next 20 years. He presents the following summary of costs and revenues shown in Table 1. Table 1 Summary of costs and benefits for proposed road project Year of activity (million Activity Road Construction Resurfacing of road Resurfacing of road 0 5 10 15 Resurfacing of road Collection of toll gate From year 3 to year fees 20 Costs ZMW) 400 5 7 10 Benefits (million ZMW) 10 annually (once tollgates are operationally) The government currently spends ZMW 3million annually on resurfacing the gravel roads and patching up the few dilapidated bituminous roads in Vubwi district. (a) Using a discount rate of 10%, conduct a cost-benefit-analysis, and advise the cabinet accordingly. (b) Briefly…1. A tax imposed for the general purposes of the government to raise revenue for the local area needs. A. National B. Municipal C. Community D. LocalA Moving to the next question prevents changes to this answer. Question 7 The C.P.I. INCLUDES which of the following? a. Soldier uniforms, Congressional salaries, sewer repairs b. Entertainment, delivery trucks, income taxes c. Housing, sales taxes, prescription glasses d. Farming equipment, pharmaceuticals, surgery equipment Moving to the next question prevents changes to this answer.
- UNITED STATES RESIDENTS OVER AGE 65 2. Look at the graph below. 70 65 60 55 50 45 2030 R025 2020 40 2015 2010 2005 Increasing the budget for which of these programs would most help the United States government prepare for the trend shown in the graph? A. Defense В. 30 1995 25 1985 1980 20 Year C. Social Security D. employment opportunities Education Number of People over Age 65 (in millions)Hoe would you spend national budget5. An economy has two industries: services and manufacturing. To produce $1 of services requires 20¢ of services and 40¢ of manufacturing. To produce $1 of manufacturing requires 30c of services and 10¢ of manufacturing. (a) If there is an external demand for $900 of services and $1500 of manufacturing, how much of each industry should be produced to meet it? (b) Find the internal consumption when demand is met. (c) Which industries, if any, are profitable.