Review

How many basic functions of the state do public expenditures serve?

• 4

• 5

• 6

• 7

What does the Gini coefficient measure about?

• Poverty

• Growth

• Inequality

• Unemployment

Which is one of public expenditure functions?

• Providing public goods and services

• Distributing income

• Maintaining illegal and social framework

• Destabilizing the economy

What is the true formula to calculate Gini coefficient?

• G=A/B

• G=A/(A+B)

• G=A/(B-A)

• G=A/(A-B)

Public expenditure is spending made by ..... on collective needs and wants.

• the government of a country

• the hospital

• the state company

• the school

The value of Gini coefficient:

• (0;1)

• (-1;1)

• [0;1]

• [-1;1]

Public expenditure is to serve the common interests of the community.

• True

• False

How many features do public expenditure have?

• 2

• 3

• 4

• 5

Which of the following is NOT one of the most important causes of an increase in public expenditure:

• Construction of public welfare works.

• Government regulatory actions.

• War.

• National defense.

Country A has a Gini coefficient of 1.2, the inequality in income disribution is higher than country B with coefficient Gini 0.8

• True

• False