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- What are the main categories of government spending? What are the main categories of government revenue?How do taxation and government spending impact the economy of a country positively in three ways and negatively in three ways?11. In Table 12.14, we show the results from the 2002 legislative elections in Germany. Answer the following questions. a. If a government formed between the Christian Democratic Party and the Free Democratic Party, what type of government would it be? b. If a government formed between the Social Democratic Party and the Greens, what type of government would it be? c. If a government formed between the Social Democratic Party, the Greens, and the Party of Democratic Socialism, what type of government would it be? TABLE 12.14 Legislative Election Results in Germany, 2002 Seats Ideology Party Party of Democratic Socialism (PDS) Greens (G) Social Democratic Party (SPD) Christian Democratic Party (CDU/CSU) Free Democratic Party (FDP) Total Source: Inter-Parliamentary Union Database (2015). 2 Most left 55 251 248 47 Most right 603
- How does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?What are the factors affecting the increasing purchase of goods and services in the government?Explain: “Politicians would make more rational economic decisions if they weren’t running for reelection every few years.”