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Divided government is seen by different groups as a benefit or as an undesirable product of the model of governance used in the U.S. political system. Under said model, known as the separation of powers, the state is divided into different branches. Each branch has separate and independent powers and areas of responsibility so that the powers ...
A divided government is a type of government in presidential systems, when control of the executive branch and the legislative branch is split between two political parties, respectively, and in semi-presidential systems, when the executive branch itself is split between two parties.
The following list of countries by labour productivity ranks countries by their workforce productivity. Labour productivity can be measured as gross domestic product ...
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting. By design, such accounting makes the totals on both sides of an account equal even though ...
Government accounting refers to the field of accounting that specifically finds application in the public sector or government. A special field of accounting exists because: The objectives to which accounting reports to differ significantly from that for which generally accepted accounting practice has been developed for in the private ...
The most common argument to explain this finding is the Balassa-Samuelson effect, which argues that as countries grow richer, productivity increases mostly in manufacturing and other traded activities. This drives up wages and thus prices of many (non-traded) services, increasing the overall price level of the economy.
A deficit occurs when the government spends more than it taxes; and a surplus occurs when a government taxes more than it spends. Sectoral balances analysis states that as a matter of accounting, it follows that government budget deficits add net financial assets to the private sector. This is because a budget deficit means that a government ...
The accounting result is obtained by subtracting the weighted growth rates of the inputs from the growth rate of the output. In this case the accounting result is 0.015 which implies a productivity growth by 1.5%. We note that the productivity model reports a 1.4% productivity growth from the same production data.