Government Spending Critical Thinkings Samples For Students

Business Cycles

Overview
There is a contraction phase where the economy shrinks, the trough phase where growth is in negativity but manageable; the Expansion phase is when growth rate turns positive and peak phase is where the expansion grows. This happens every time in a country's economy cycles.

With currently the biggest electronic industry in the world, Japan's free market economy is the third largest globally. Best acknowledged by its effectiveness and efficiency in exports; it is competitive and a good business partner. However, the Agriculture sector is dwarfed. The exports can no longer service the national economy, so the country has shifted ...

U.S. Government Spending
Government is typically defined as a group of people or institutions that administer the public policy in a country or community by exercising political or/and executive power through laws, customs, and traditions. The scale of power which the government can exercise depends on the political and economical strength of the community which is governed. The USA is one of the most powerful and developed countries of nowadays; therefore the U.S. government can be considered to be one of the most influential in the world. Other countries ask the USA for help, support, and defense in case of ...

The Impact of U.S. deficit, Surplus and Debt

The gross domestic product is simply written as illustrated below where;

C – Consumption, I – Investment, G – Government spending, X- Exports, IM - Imports
GDP = C+I+G+ (X – IM)
Therefore, a U.S. budget deficit, surplus, and debt have different effects on Phoenix University student and exporters such as the domestic automotive manufacturers such as general motors and ford. More exports are favorable than imports as they add positive value to the GDP. To begin with it is crucial we understand what the three phenomenon mean. A budget deficit occurs when government spending surpasses revenues collected from taxation. A surplus occurs when ...

Chapter 14

Question 2
I think the reason why labor force participation of women is lower than that of men in the United States is because the policies that have been in existence have been favoring men more than women. This means that women have been discriminated when it comes to labor force participation. However, in modern time there has been a dramatic increase in the labor force participation of women. Many factors have contributed to this increase. There has been numerous legislations such as the Equal Pay Act of 1963 that have been formulated to help in diminishing sexual discrimination ...

Economics in general deals with demand and supply and connects the relationship between the two forces, since both demand and supply are equal and have an impact on the economy of a country. What ponders in the minds of economists in the United States is whether the high levels of unemployment is due to aggregate demand being low, or whether the amount of supply in the economy has problems. The government through president Obama has intervened in the situation and put measures that stimulate the economy by encouraging investments through reducing taxes to investors, and increasing the amount of government ...