Legislation Can Be Categorised in a Number of Ways

question 22

Multiple Choice

Legislation can be categorised in a number of ways. Match up the following types of legislation with their meaning
-Public Acts

• A)Legislation which relate to matters affecting the general public
• B)Legislation which gives power to a particular person or body to oversee the production of the specifi c details required for the implementation of the general purposes stated in the parent Act
• C)Legislation which relate to the powers and interests of particular individuals or institutions (although the provision of statutory powers to particular institutions can have a major effect on the general public)
• D)Legislation which is designed to bring together provisions previously contained in a number of different Acts, without actually altering them.

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Definitions:

Government Purchases

Expenditures made by the government for goods and services that directly satisfy human wants or needs or are used in the production of other goods.

GDP Deflator

A measure used to adjust the gross domestic product (GDP) for inflation by dividing the nominal GDP by the real GDP and then multiplying by 100.

Real GDP

The assessment of economic production's worth, corrected for variations in prices due to inflation or deflation, revealing the actual volume of goods and services generated.

Estimated GDP

An approximation of the total value of goods and services produced within a country's boundaries in a specified time period, before exact figures are available.