1 what would be true of entitlement spending if the, Ask an Expert

Economics

1. What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100% and the federal budget was balances? (Hint: Under a balanced budget, tax revenues equal the sum of discretionary and nondiscretionary expenditures.)

2. How would entitlement spending be funded if tax revenues just covered discretionary spending and there was a government budget deficit?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224778

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question suppose a country has 100 inhabitants the

Question: Suppose a country has 100 inhabitants. The population can be divided into two categories: employed and unemployed. In any given year, the transition probabilities from employed to employed is 0.95 and from unem ...

Question what features of medicare would cause an economist

Question: What feature(s) of Medicare would cause an economist to say that "Medicare stinks as insurance"? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front' deducti ...

Question why is it necessary to have an industry

Question: Why is it necessary to have an industry classification systems like NAICS? Would facing the need of learning a system as complex as NAICS discourage you for becoming part of the importing and exporting componen ...

Question president trump has complained that the us trade

Question: President Trump has complained that the U.S. trade deficit is too large. Based on the uses-of-saving identity (S = 1 + NX), how could the U.S. trade deficit be reduced (what are the options)? Explain fully and ...

Question labor relationswrite a 4-5 page paper answering

Question: Labor Relations Write a 4-5 page paper answering the following questions: • What are the benefits of retaining qualified employees? • Explain the benefits of unionizing • How is labor relations used to establis ...

Question 1 conside rthe general effect of the discount rate

Question: 1. Conside rthe general effect of the discount rate on the dynamic efficient allocation of a depletable resource across time. Suppose we have two versions of the two-period model discussed in Chapter 6. The two ...

Question ernie owns a water pump because pumping large

Question: Ernie owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Here is the cost he incurs to produce each b ...

Question suppose a consumer is consuming a bundle of goods

Question: Suppose a consumer is consuming a bundle of goods X and Y which lies on their budget constraint. If the indifference curve which runs through this bundle is steeper than the budget constraint, explain what the ...

Question two routes are under consideration for a new

Question: Two routes are under consideration for a new interstate highway segment. The long route would be 25 kilometers and would have an initial cost of $21 million. The short transmountain route would span 10 kilomete ...

Question markets are where people exchange information

Question: Markets are where people exchange information about potential transactions. If so, can advertising create economic value? Explain. Identify some other institutions whose effects on lowering information costs ar ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert