Exhaustive and non-exhaustive expenditures
Not what you're looking for?
Explain what economists mean when they say government purchases are "exhaustive" expenditures whereas government transfer payments are "non-exhaustive" expenditures. Give an example of a government purchase and a government transfer payment with explanations.
Purchase this Solution
Solution Summary
This solution explains exhaustive and non-exhaustive expenditures.
Solution Preview
The size of the role of the government in the economy is examined by determining government purchases of goods and services and the governments transfer payments (McConnell & Brue, 2008, p. 75). Government purchases are said to be exhaustive while government transfer payments are said to be non-exhaustive. These two outlays are ...
Education
- MBA, Aspen University
- Bachelor of Science , Berea College
Recent Feedback
- "Thank u"
- "Thank You!"
- "Thanks!"
- "Thank you so much"
- "Great job...thanks."
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.