TAILIEUCHUNG - Lecture Economics (6/e): Chapter 7 - Stephen L. Slavin

Chapter 7 - The government sector. This chapter include objectives: Government spending, the graphing of the C + I + G line, types of taxes, the average and marginal tax rates, sources of government revenue, principles of taxation, the economic role of government. | Chapter 7 The Government Sector 7-1 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Objectives Government spending The graphing of the C + I + G line Types of taxes The average and marginal tax rates Sources of government revenue Principles of taxation The economic role of government 7-2 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Introduction: The Growing Economic Role of Government Most of the growth over the past seven decades was due to the Depression and World War II Since 1945 the roles of government at the federal, state, and local levels have expanded The seeds of that expansion were sown during the Roosevelt administration The government exerts four basic influences It spends more than $ trillion It levies almost that amount in taxes It redistributes hundreds of billions of dollars It regulates our economy 7-3 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 7-4 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 7-5 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. 2002 Proposed Spending by Category Budget of the United States Government , Fiscal Year 1999 7-6 State and Local Government Spending Main expenditures Education Health Welfare Spending is a little more than half the level of federal spending Police protection and prisons are now straining state and local budgets Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Government Purchases versus Transfer Payments The government spends $ trillion a year GDP = C + I + G + Xn Approximately half is “transfer payments” The largest transfer payment is social security These payments end up in the “C” part GDP Approximately half is “government purchases” The largest government purchase is defense These end up in the “G” part of GDP 7-7 Copyright 2002 by The McGraw-Hill Companies, Inc. All rights reserved. Copyright 2002 by The McGraw-Hill Companies, Inc. .

• Kinh tế học
• Lecture Economics
• Monopolistic competition
• Perfect competition
• Consumer behavior
• Economic growth
• The government sector
• Business economics
• Lecture Business economics
• Business applications of economics
• Open economy
• Competitive markets
• Economic Models
• Economics of agriculture
• Development economics
• Lecture Development economics
• Kinh tế phát triển
• Developing nations
• Economics of agricultural development
• Principles of economics
• Managerial economics
• Lecture Managerial economics
• Market interactions
• Fundamentals of managerial economics
• Marginal analysis
• Marginal benefit
• Lecture Principles of economics
• Ten principles of economics
• People face tradeoffs
• Opportunity cost
• Marginal changes
• Element of economics
• Lecture Element of economics
• Economic systems
• Economics problems
• Macroeconomic issues
• Economics of information
• Consumer choice
• Free rider problem
• Market transactions
• Economic principles
• Economic policies
• Economics of farm policy
• Farm policy
• Social issues
• Economics of social issues
• Lecture Economics of social issues
• Economics of crime
• Classification of criminal acts
• The costs of crime
• Economics of education
• Increased demand for education
• Educational expenditures
• Monopoly power
• Economics of monopoly power
• Professional sports
• Economics of professional sports
• Professional sports business
• Issues in economics today
• Lecture Issues in economics today
• International issues
• Price control issues
• Economics of children
• Public economics
• Kinh tế học
• Foreign markets
• Macroeconomic policy
• Supply curve
• Elasticity of demand