Wisdom Gateway Academy

1. What is public expenditure?

Government spending on public goods
Private investment in firms
Tax revenues collected
Personal income expenditure

2. Which of the following is an example of public expenditure?

Government salaries
Private equity investment
Personal savings
Corporate profits

3. Which type of public expenditure focuses on long-term investments?

Transfer payments
Capital expenditure
Recurrent expenditure
Interest payments

4. What does recurrent expenditure in public finance refer to?

One-time investments
Spending on infrastructure
Ongoing operational costs
Grants to local governments

5. Which economic theory is closely associated with the rise of public expenditure?

Classical economics
Keynesian economics
Neoclassical economics
Monetarism

6. What is the 'Wagner's Law' related to public expenditure?

A theory that public expenditure decreases as economies develop
A theory that public expenditure increases as economies develop
A theory that public expenditure remains constant
A theory that public expenditure declines in democracies

7. What is the primary objective of public expenditure?

Maximizing corporate profits
Redistributing income and wealth
Increasing private sector output
Reducing trade deficits

8. Which of the following is not a category of public expenditure?

Capital expenditure
Recurrent expenditure
Transfer payments
Private savings

9. What is a common source of funding for public expenditure?

Stock market investments
Personal savings
Taxes
Exports

10. Which of the following best describes the impact of public expenditure on economic growth?

Public expenditure has no effect on growth
Public expenditure can stimulate economic growth
Public expenditure only benefits the wealthy
Public expenditure decreases national debt

articles title

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Quos ullam ab dolorem dolor, quasi quisquam quaerat iste expedita. Voluptatibus in obcaecati labore.