An increase in government expenditures by 25% to change in aggregate demand will be generated within one year by an increase in government expenditures by $10 billion.
What is expenditure?
- Expenses represent cash or credit payments for the purchase of goods or services.
- It is recognized at a single point in time (at the time of purchase), as opposed to costs that are recognized over time when a consumption or service is purchased.
- Appropriations shows each agency's revenues and capital expenditures, and presents the estimates associated with each under "planned" and "unplanned."
- Expenses are the amounts a business spends to generate income. Expenditures are the amounts spent to acquire assets, goods, services, etc.
- Expense is not necessarily the same as expense, as expense represents the depreciation of an asset and expense simply indicates the acquisition of an asset.
- As such, costs cover a specific point in time, but costs can occur over a longer period of time.
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