the three major categories of government spending are quizlet?
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Federal expenditures fall into five main categories: health insurance (Medicaid and Medicare), retirement benefits (Social Security), national defense, interest on the debt and "other spending" (a broad category that covers spending on education, housing, transportation, agriculture, etc.)
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Manufacturing costs fall into three broad categories of expenses: materials, labor, and overhead. All are direct costs.
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['Current spending, which is expenditure on wages and raw materials. Current spending is short term and has to be renewed each year.', 'Capital spending, which is spending on physical assets like roads, bridges, hospital buildings and equipment.']
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Major categories of FY 2017 spending included: Healthcare such as Medicare and Medicaid ($1,077B or 27% of spending), Social Security ($939B or 24%), non-defense discretionary spending used to run federal Departments and Agencies ($610B or 15%), Defense Department ($590B or 15%), and interest ($263B or 7%).
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['BALANCED BUDGET. ... ', 'SURPLUS BUDGET. ... ', 'DEFICIT BUDGET.']
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Name the three categories of the PAF paradigm? The three broad categories are prevention, appraisal costs and failure costs.
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Three Consumption Categories Personal consumption expenditures are officially separated into three categories in the National Income and Product Accounts: durable goods, nondurable goods, and services.
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The U.S. Treasury divides all federal spending into three groups: mandatory spending, discretionary spending and interest on debt. Mandatory and discretionary spending account for more than ninety percent of all federal spending, and pay for all of the government services and programs on which we rely.
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There are three main types of consumer goods: durable goods, nondurable goods, and services.
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GDP can be measured in three different ways: the value added approach, the income approach (how much is earned as income on resources used to make stuff), and the expenditures approach (how much is spent on stuff).
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['Social Security, Medicare, and other mandatory spending required by law.', 'Interest on the debt--the total the government owes on all past borrowing.', 'Discretionary spending, the amount Congress sets annually for all other programs and agencies.']
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The chief way the government gets the money it spends is through taxation. Figure 1 shows the relative sizes of sources of federal government tax revenues. Forty-five percent of federal tax revenue comes from individuals' personal income taxes. Another 39 percent comes from Social Security and Medicare withholdings.
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Federal spending is generally divided into three categories: mandatory, discretionary, and net interest. Mandatory Spending – Nearly two-thirds of annual federal spending is used for mandatory spending programs, also known as entitlements.
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Personal consumption expenditures, government spending, Gross Private Domestic Investment (GPDI), and net exports.
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The three categories of funds are governmental, proprietary, and fiduciary.
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Answer and Explanation: Government expenditure defines the sum of government purchases and government transfer payments while government purchases are only purchases of goods...
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There are three main types of business activities: operating, investing, and financing.