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  2. Circular flow of income - Wikipedia

    en.wikipedia.org/wiki/Circular_flow_of_income

    If S + T + M > I + G + X the levels of income, output, expenditure and employment will fall causing a recession or contraction in the overall economic activity. But if S + T + M < I + G + X the levels of income, output, expenditure and employment will rise causing a boom or expansion in economic activity.

  3. National Income and Product Accounts - Wikipedia

    en.wikipedia.org/wiki/National_Income_and...

    The table summarizes national income on the left (debit, revenue) side and national product on the right (credit, expense) side of a two-column accounting report. Thus the left side gives GDP by the income method, and the right side gives GDP by the expenditure method. The GDP is given on the bottom line of both sides of the report.

  4. Measures of national income and output - Wikipedia

    en.wikipedia.org/wiki/Measures_of_national...

    A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), Gross national income (GNI), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost).

  5. Government spending in the United States - Wikipedia

    en.wikipedia.org/wiki/Government_spending_in_the...

    The largest health care expenditure is for California's Medi-Cal program, a health insurance program for low-income families in California. [31] [32] In addition, health care spending is focused on women's health services, treatment for addiction, and dentistry. [31]

  6. Government spending - Wikipedia

    en.wikipedia.org/wiki/Government_spending

    Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.

  7. List of countries by government budget - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

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