Wagners law - Study guides, Class notes & Summaries

Public Expenditure Exam Questions and Answers 3 Types of public expenditure? - Answer-Capital, current and transfer payments What is capital expenditure? - Answer-Spending on projects/assets that have long term rewards, eg HS2 project What are transfer payments? - Answer-Gov spends money without getting anything in return, eg welfare payments of benefits or foreign aid What are 3 important factors influencing public expenditure? - Answer-Age distribution, incomes and political values ...

This studying document contains knowledge on 100 Theories in ECONOMICS which provide a conceptual framework for understanding challenging phenomena, applying critical thinking in organizing observed facts and explaining principles. As you study the theories, the goal is to be directed by the guidance they provide as well as the intellectual growth gained from the knowledge provided by the theories. Enjoy achieving academic success while studying these theories in ECONOMICS.