Chat with us, powered by LiveChat

Explain how the changing pattern of government spending affects the real economic burden of the national debt.

In The Budget Balance powerpoint (see the link in the menu on the left-hand-side of this page), I pointed out that the real economic sacrifice imposed on the country by government borrowing could be zero – or it could be substantial – depending on what the government does with the money. In the article, “Entitlements, Public Investment, and the Changing Nature of the U.S. Government,” on Tim Taylor’s blog, Conversable Economist, we find that ‘what the government does with the money’ has been changing over time in a consistent manner.

I want you to consider three points related to that article:

1. How has the composition of government spending changed since the 1960’s? Support your answer with examples from the article. (One paragraph)

2. Then explain how the various categories of federal government spending (such as spending on entitlements, or infrastructure or basic research) qualify as either consumption or investment spending. In your answer, be sure to define the terms ‘consumption’ and ‘investment.’ (See the Saving, Investment, and the Trade Balance powerpoint in the menu on the left hand side of this page.) (One paragraph)

3. Explain how the changing pattern of government spending affects the real economic burden of the national debt. (See The Budget Balance powerpoint in the Writing Assignments dropdown menu on the MyEconLab site) (Two paragraphs)

Please use easy words! I am not native english speaker

All LAs must use in text cites in APA format to support conclusions and points.


Last Completed Projects

# topic title discipline academic level pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min