Question

Has the size of federal government employment relative to employment in the rest of the economy...

Has the size of federal government employment relative to employment in the rest of the economy shrunk since 1970?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Yes, the federal government employment relative to employment in the rest of the economy has shrunk a lot when since 1970 and this happened because of the high growing sector of the industries, where the new industries got to build day by and many of the people got to have employment in the newly set up firms where the employment in the private sector got to increase a lot resulting in the decrease in the federal government employment relative to employment in the rest of the economy

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If the Federal Reserve estimates that the economy is operating at an employment level above full...
If the Federal Reserve estimates that the economy is operating at an employment level above full employment. It would be concerned about which of the following: inflation falling below 2% unemployment being to high inflation increasing above 2% it would not be concerned - the situation is consistent with it's dual mandate Monetary policy is made by _______________ and its decisions change __________________. the Treasury Department, prime interest rate the Treasury Department, federal funds interest rate the FOMC, federal funds...
If an economy at full employment experiences a fall in aggregate demand, what can the government...
If an economy at full employment experiences a fall in aggregate demand, what can the government do to help the situation? increase government spending decrease government spending increase taxes on individuals and businesses reduce taxes on individuals and businesses
1. An economy has full-employment output of 5000. Government purchases are 1000. Desired consumption and desired...
1. An economy has full-employment output of 5000. Government purchases are 1000. Desired consumption and desired investment are given by Cd= 3600 - 2000r + 0.10Y Id = 1200 - 4000r where Y is output and r is the expected real interest rate. (a) Find the real interest rate that clears the goods market. Assume that output equals full-employment output. (b) Calculate the amount of saving, investment, and consumption in equilibrium.
Assume the economy is at a full-employment equilibrium. Now, if due to the pandemic, government increases...
Assume the economy is at a full-employment equilibrium. Now, if due to the pandemic, government increases spending to fight the virus, would this, ceteris paribus, be reflected as a change in aggregate demand or a change in aggregate supply? Explain. Be sure to clearly identify a textbook factor of AD or AS that is causing this change. Would this change be an increase or decrease? Explain.  Would this change result in the economy moving to a short-run below, or above, full-employment...
Suppose the economy is at potential GDP (i.e. full employment), and the government increases the amount...
Suppose the economy is at potential GDP (i.e. full employment), and the government increases the amount of government purchases to increase aggregate demand. What can be one potential drawback of this fiscal approach? Use graphs to explain where relevant.
In thinking about the size of the current federal debt and deficit relative to the current...
In thinking about the size of the current federal debt and deficit relative to the current level of GDP, explain how you think this information affects peoples' decisions.
If the economy is full employment, an increase in aggregate demand will most likely lead to:...
If the economy is full employment, an increase in aggregate demand will most likely lead to: a reduction in the general level of prices an increase in unemployment an increase in real output, but not in prices an increase in prices, but not in real output. In order to reduce the rate of inflation in a rapidly growing, full-employment economy, it would be appropriate for the Federal Reserve to Increase income tax rates Sell government bonds Reduce reserve requirements Print...
Suppose that the economy is at full employment (our economy has reached its potential GDP or...
Suppose that the economy is at full employment (our economy has reached its potential GDP or the maximum that we can normally produce). Now suppose that a world recession occurs (it decreases our exports). Which problem would we choose to combat? The decreased GDP The inflation We could choose to combat the decreased GDP or the inflation None of the answers is correct In 2013 the U.S. government removed its tariff on imported ethanol. Removing the tariff benefited ________ of...
suppose the economy is at potential GDP(i.e. full employment), and the government increases fiscal spending(i.e. does...
suppose the economy is at potential GDP(i.e. full employment), and the government increases fiscal spending(i.e. does more government spending) to increase aggregate demand. what can be one potential drawback of this approach? use graphs to explain where relevant.
Which of the following is an argument against balancing the federal budget? A. The federal government...
Which of the following is an argument against balancing the federal budget? A. The federal government spends and interferes with the economy too much. B. Doing so may prevent the government from paying off its debts. C. Doing so may prevent the government from pulling the economy out of recession. D. An increase in government spending and taxes by the same amount does not affect income.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT