Cyclically adjusted budget
Describe the “cyclically adjusted budget,” illustrates its significance, and define why it may differ from the “actual budget.”
Expert
The cyclically adjusted budget measures what the Federal surplus or deficit would be if the economy attained full-employment level of GDP along with existing tax and spending policies. If the cyclically adjusted budget is balanced, then the government is not engaging in either expansionary or contractionary policy, even if, for instance, a deficit automatically results while GDP declines. The “actual” budget is the deficit or surplus which results while revenues and expenditures take place over a year if the economy is not operating at full-employment.
Normal 0 false false
Consider the following data pertaining to a distribution center. Q : Question on price level Normal 0 false Normal 0 false false
Workload Budget Adjustment: Any adjustment to the presently authorized budget obligatory to maintain the level of service needed to fund a Workload Budget, as stated in the Government Code Section 13308.05. A workload budget adjustment is as well term
Service Revolving Fund: A fund employed to account for and finance most of the client services provided by the Department of General Services. The amounts expended by the fund are repaid by sales and services priced at rates adequate to keep the fund
Administratively Established Positions: The positions authorized by the Department of Finance throughout a fiscal year that were not comprised in the Budget and are essential for workload or administrative reasons. These positions fin
Cite three example of recent decisions which you made in which you, at least implicitly, weighed marginal costs & marginal benefits.
18,76,764
1953223 Asked
3,689
Active Tutors
1433019
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!