how can final consumption expenditure by government improve standard of living
Answers
Answered by
4
Increased government spending is likely to cause a rise in aggregate demand (AD). This can lead to higher growth in the short-term. If spending is focused on welfare benefits or pensions, it may reduce inequality, but it could crowd out more productive private sector investment
Similar questions
Physics,
1 month ago
Math,
1 month ago
Social Sciences,
1 month ago
Computer Science,
3 months ago
Math,
11 months ago
Math,
11 months ago
Math,
11 months ago