Welfare checks and food stamps are examples of used by the government to redistribute income. a. transfer payments b. taxation c. market intervention d. corporate subsidies

In a small, closed economy, national income (gdp) is $350 million for the current year. individuals have spent $100 million on the consumption of goods and services. they have paid a total of $60 million in taxes and the government has spent $75 million on goods and services this year. use this information and the national income identity to answer the questions. how much does the economy spend on investment?

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“obamacare”: included a provision for government-run health insurance called “the public option.” was bitterly opposed by congressional republicans because most favored a “single-payer” plan. survived two challenges to its constitutionality. was partially repealed in 2013 in order to avert a government shutdown. led to the expansion of medicaid in republican controlled states.