|
|
SBA: The abbreviation for Small Business Administration, which is an independent federal agency that was started in 1953 to help small business. It provides a variety of assistance, including financial, technical, and managerial help. It helps other agencies in the federal government direct contracts and spending in the direction of proprietorships and small corporations. It also provides low interest loans to small businesses that suffer from natural disasters.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 11: Circular Flow | Unit 3: Government
|
Page: 15 of 22
|
- The role the government sector plays in the economy and the circular flow through taxes and spending.
- How taxes divert household sector income to the government sector to pay for government purchases.
- That with the government sector included, the circular flow highlights the three basic uses of national income: consumption, saving, and taxes.
- Why government spending is divided into government purchases of GDP and transfer payments.
- Why the circular flow is interested in the net tax flow (taxes minus transfer payments) from households to government.
- When government does not collect enough taxes to pay for purchases, it can borrow through the financial markets.
- The Federal deficit, which is the borrowing by the federal government to make up the difference between taxes and spending.
- That federal borrowing is combined with state and local borrowing (or saving) for total government borrowing.
- Why the government sector diverts part of the circular flow, but does not necessarily change the total amount of GDP.
|
|
|
|
|
|
|
STABLE EQUILIBRIUM Equilibrium that is restored if disrupted by an external force. Most economic models have equilibrium that is stable, reflecting the observation that the real world adapts to changes and maintains a fair degree of stability. The alternative to a stable equilibrium is an unstable equilibrium.
Complete Entry | Visit the WEB*pedia |
|
|
BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time watching the shopping channel looking to buy either 500 feet of coaxial cable or a coffee cup commemorating the 1960 Presidential election. Be on the lookout for attractive cable television service repair people.
Your Complete Scope
This isn't me! What am I?
|
|
|
Potato chips were invented in 1853 by a irritated chef repeatedly seeking to appease the hard to please Cornelius Vanderbilt who demanded french fried potatoes that were thinner and crisper than normal.
|
|
|
"I've always believed that if you put in the work, the results will come. I don't do things half-heartedly. Because I know if I do, then I can expect half-hearted results. " -- Michael Jordan, basketball player
|
|
EFTA
European Free Trade Association
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
