The Size and Role of Government: Economic Issues Page: 3 of 31
This report is part of the collection entitled: Congressional Research Service Reports and was provided to UNT Digital Library by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Contents
How Does the Government Affect the Economy? .....
How Large Is the Government? ...................
Effect of the Government on Economic Efficiency ....
W hat Is a Market Failure? ...................
Public G oods .........................
Common Resources ....................
M onopoly Power ......................
Externalities ..........................
Asymmetric Information ................
Failure to Optimize ....................
How Do Taxes Affect Economic Efficiency? ....
Balancing Economic Efficiency With Other GoalsEffect of the Government on Economic
Effect of Spending ............
Effect of Transfers ............
Effect of Taxes ...............
Effect of Regulation ...........
Concluding Remarks ..............
List of FiguresFigure 1.
Figure 2.
Figure 3.
Figure 4.
Figure 5.Growth
Federal Outlays and Receipts, 1950-2006 .......
Federal Spending by Function, 1962-2006 ......
Government Purchases and Transfers, 1950-2006
Federal and State and Local Outlays, 1950-2006 .
Public Investment Spending, 1950-2006 ......... . . . . . . . . . . . . . . . . . . . 1
.2
13
15
15
15
16
17
18
18
19
21
22
23
25
26
28
28. . . . . . . . . . . . . . . . 3
. . . . . . . . . . . . . . . . 5
. . . . . . . . . . . . . . . . 6
. . . . . . . . . . . . . . . 1 1
. ... ... ... ... ..24List of Tables
Table 1. Estimated Revenue Loss from Income Tax Expenditures
Exceeding $10 billion in FY2008 ................................. 8
Table 2. Offsetting Receipts and Collections by Type, FY2006 ............ 10The author would like to thank Justin Murray for helpful research assistance.
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
The Size and Role of Government: Economic Issues, report, February 16, 2007; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc817202/m1/3/: accessed April 25, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.