In this assignment you will address the relationship between government
spending and economic growth. This tends to get reduced to simplicity (which
means distortion) if you watch cable TV news with everything reduced to make
believe Liberalism versus make believe Conservatism. In this essay the question
you need to address is: How do you see the relationship between government
spending and economic growth?
The readings address a variety of inter-related aspects of economic growth
and government spending such as what helps the economy grow and what
In your essay make sure you address the readings. This not an “off the top of
your head” essay—I do want to see how you incorporate the readings into your
essay. This is what you want to do at the graduate level—show how you use what
you have read.
Furthermore, I have given you two forms that open in EXCEL.
One of these is a form that shows you RECEIPTS BY SOURCE, 1934--2018 (revenue
coming into the Federal government)—TAKE A LOOK AT: 1) INDIVIDUAL INCOME TAXES, 2) CORPORATE INCOME TAXES, and; 3) PAYROLL TAX (which is listed as SOCIAL INSURANCE AND RETIREMENT RECEIPTS—TOTAL).
THIS IS AN ECONOMICS COURSE SO USING THE DATA IN YOUR ASSIGNMENT IS NORMAL. JUST GO OVER THE DATA SO YOU DEVELOP AN UNDERSTANDING OF WHERE GOVERNMENT REVENUE COMES FROM.
The other data page shows you economic growth rates. Again, here is data that helps in developing an understanding about the American economy.
You want to be able to become comfortable looking at data and just developing a “feel” for how it can give you a perspective on a topic you are