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Government Budget

Government Budget: Components, Types, and Fiscal Policy

Updated on August 25, 2022 by Ahmad Nasrudin

Government Budget Components, Types, and Fiscal Policy

What's it: A government budget is a government's planned expenditures and revenues over a specific period, usually one year. Government revenue

Topic: Government Budget Category: Macroeconomics

Budget Deficit: Formulas, Causes, and Effects

Updated on August 25, 2022 by Ahmad Nasrudin

Budget Deficit Formulas Causes and Effects

What's it: A budget deficit means expenditure exceeds income. While it is common to refer to government budgets, the term also applies to

Topic: Budget Deficit, Government Budget Category: Introduction to Economics

Automatic Stabilizers: Examples and How They Work

Updated on August 25, 2022 by Ahmad Nasrudin

Automatic Stabilizers: Examples and How They Work

What's it: Automatic stabilizers are countercyclical fiscal tools. They moderate economic fluctuations without direct government intervention.

Topic: Government Budget, Macroeconomics Category: Macroeconomics

Government Expenditure: Components and Effects on the Economy

Updated on August 25, 2022 by Ahmad Nasrudin

Government Expenditure: Components and Effects on the Economy

What's it: Government expenditure refers to the money the government spends on goods and services or other items. Examples are expenditures on

Topic: Expenditure Approach, GDP, Government Budget, Government Expenditure Category: Macroeconomics

Structural Budget Deficit: How it Works and Its Implications

Updated on August 25, 2022 by Ahmad Nasrudin

Structural Budget Deficit: How it Works and Its Implications

What's it: A structural budget deficit is when government spending exceeds government revenue, and it persists throughout

Topic: Budget Deficit, Government Budget Category: Macroeconomics

Autonomous Expenditure: Formula, Components, Determinants

Updated on September 8, 2022 by Ahmad Nasrudin

Autonomous Expenditure: Formulas, Components, Determinants

What's it: Autonomous expenditure is unaffected by income level. In other words, they will still exist even if the income equals zero. Spending

Topic: Aggregate Expenditure, GDP, Government Budget, Government Expenditure, Real GDP Category: Macroeconomics

Net Tax in Macroeconomics: Formula, Effects on the Economy

Updated on August 25, 2022 by Ahmad Nasrudin

Net Tax in Macroeconomics: Formula, Effects on the Economy

What's it: Net tax equals government tax revenue after deducting transfer payments. It represents the remaining revenue to finance government

Topic: Government Budget, Government Revenue Category: Macroeconomics

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