In 2015/2016, after social security and welfare payments, which of the following is the second largest category of Australian federal government expenditures at nearly 16% of the total?
A) defence spending
B) education
C) interest on the debt
D) health care
Correct Answer:
Verified
Q14: 'Fiscal policy' refers to the:
A)government's ability to
Q15: An 'automatic stabiliser' is:
A)a policy for growth
Q16: Discretionary fiscal policy is when:
A)existing taxation policy
Q17: Active changes in tax and spending by
Q18: Government purchases and transfer payments are included
Q20: A deliberate policy change in taxes and
Q21: Refer to Figure 13.1 for the following
Q22: Consider the hypothetical information in the following
Q23: To ameliorate the effects of a recession,
Q24: A contractionary fiscal policy would cause the:
A)aggregate
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