ECSENOMICS Chapter 16 Government Taxation and Expenditure McGraw-Hilllrwin CopyrightC 2001 The McGraw-Hill Companies, Inc. All rights reserved
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Chapter 16 Government Taxation and Expenditure
ECSENOMICS Government's Share of the Economy C, Has Grown Sharply in This Century 1-118 Figure 16-1 Govenment Spending and Taxes. 1902-1999 World War It 30 25 HCN World War I 920 15 10 1900 1910 1920 19301940 1950 960 1970 1980 1990 Year McGraw-Hilllrwin CopyrightC 2001 The McGraw-Hill Companies, Inc. All rights reserved
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Government’s Share of the Economy Has Grown Sharply in This Century T-118 Figure 16-1
ECRNOMS Government Spending Is highest in High-Income Lands 1-119 Figure 16-2 Sweden fran italy Germany Poland United Kingdom Ja apan United State South kore Philippines Sierra leone Dominican Republic 20 30 40 60 Expenditures(percent of GDP) McGraw-Hilllrwin Source: International Monetary Fund
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Government Spending Is Highest in High-Income Lands T-119 Figure 16-2 Source: International Monetary Fund
ECSENOMICS State and Local governments t Concentrate on Local Public Goods T-120 Figure 16-3 Education Welfare Health and hospitals Local State Transportation Public safet Other 01020304050607080 Percent of local or state expenditures McGraw-Hilllrwin Source: U.S. Bureau of the Census. 1989-1990
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. State and Local Governments Concentrate on Local Public Goods T-120 Figure 16-3 Source: U.S. Bureau of the Census. 1989-1990
ECSENOMICS Progressive, Proportional, and Regressive Taxes T-121 Figure 16-4 T/Y Progressive tax Proportional tax Regressive tax ncom McGraw-Hilllrwin CopyrightC 2001 The McGraw-Hill Companies, Inc. All rights reserved
McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved. Progressive, Proportional, and Regressive Taxes T-121 Figure 16-4