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01.2 - Foreign economic aid 01.3 - General services 01.4 - Basic research 01.5 - R&D General public services 01.6 - General public services n.e.c. 01.7 - Public debt transactions 01.8 - Transfers of a general character between different levels of government 02 – Defence 02.1 - Military defence 02.2 - Civil defence 02.3 - Foreign military aid
The first economic problem was how to gain the resources it needed to be able to perform the functions of an early government: the military, roads and other projects like building the Pyramids. Early governments generally relied on tax in kind and forced labor for their economic resources.
The US government's Bureau of Economic Analysis as of Q3 2023 estimates $10,007.7 billion in annual total government expenditure and $27,610.1 billion annual total GDP which is 36.2%. [1] This government total excludes spending by "government enterprises" which sell goods and services "to households and businesses in a market transaction."
The federal government of the United States (U.S. federal government or U.S. government) [a] is the common government of the United States, a federal republic located primarily in North America, comprising 50 states, five major self-governing territories, several island possessions, and the federal district (national capital) of Washington, D.C ...
One of the more traditional subfields of economics, public finance emphasizes the function and role of government in the economy. A region's inhabitants established a formal or informal entity known as the government to carry out a variety of tasks, including providing for social requirements like education and healthcare as well as protecting ...
The U.S. government being a federal government, officials are elected at the federal (national), state and local levels. All members of Congress, and the offices at the state and local levels are directly elected, but the president is elected indirectly, by an Electoral College whose electors represent their state and are elected by popular vote.
Government spending or expenditure includes all government consumption, investment, and transfer payments. [ 1 ] [ 2 ] In national income accounting , the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure .
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.