This paper will seek to address two main questions. The first question is does the United States’ space program generate a net benefit to the American economy? This will be answered through an economic cost benefit analysis. I will examine the costs of the space program, mostly as represented by government spending on NASA. Considerations in this analysis will include current spending levels as compared to historic trends, the cause of shifts in spending levels, and spending on specific projects and programs. In analyzing the benefits of the space program I will measure the employment impact in both the government and private sector, the impact of gross domestic product, community-level impact, and technological growth ...
... middle of paper ...
...Those questions cannot be satisfactorily answered within the scope of this paper and they do inhibit our ability to get the one number to represent the overall cost to the American public of the space program. For purposes of this paper we will assume that the NASA budget is the best representative of spending on the American space program. Total funding on a broadly defined American government space program likely equals somewhere between 0.75 and 1% of all federal government spending, or between about $25.9 billion and $34.5 billion. This represents a much smaller portion of government spending than the median citizen would likely guess, as indicated by polling data. In absolute terms this range of funding is still a large amount and surpasses the gross domestic products of several countries, such as that other major recipient of American funding- Afghanistan.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The United States is known as one of the greatest world powers: however it is held back by its weak healthcare system. As of 2010 the US healthcare system currently ranks the 37th best out of 190 countries (Murray). Before the introduction of the Affordable Care Ac in 2010, the United States had an individual insurance market. It was the responsibility of the individual or their employer to take care of their healthcare costs. On top of this, millions of people could be denied insurance by different agencies due to pre-existing claims.... [tags: affordable care act, race, uninsured persons]
1693 words (4.8 pages)
- Introduction Trading goods and services nationally as well as international is one way in which a country’s economy grows. The purposes of such agreements is to become more globalize and for countries to have better access to foreign goods. With this in mind, trading agreements always come with advantages as well as disadvantages to each participant country. Two of the most famous trading agreements are the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP). Question No.... [tags: United States]
714 words (2 pages)
- You slowly begin to ascend the giant drop on that roller coaster that you were afraid of as a kid. Closer, and closer, until you finally reach the top. Then all of a sudden... “Hey, Wake up. You need to be doing your work.” Sound familiar. Sometimes you just zone out or daydream whether you are in the middle of class or riding in your car. Sometimes you just can’t control it. For example, you could be studying for a test, the next moment you are talking to a shark wearing a fedora on Mars. Without daydreaming sometimes class would just not be, class.... [tags: Decision making, Risk, English-language films]
873 words (2.5 pages)
- ... Typically the metrics analysed under Level 4 are output, quality, costs and time, it is still important to go past Level 4 however, as even though the business outcomes may be achieved, it is important to analyse whether the programme costs outweigh the benefits. Until the early 1990’s the Kirkpatrick model was the dominant reference for evaluating ROI, until other experts began to expand and develop the model, by examining its application in industry (Alliger and Janek 1989). Criticisms that were raised was the inability to predict the results of the higher levels of evaluation based on the lower levels, another criticism was that the levels are too generalised and are merely classifica... [tags: measure, knowledge, buisness, science]
2151 words (6.1 pages)
- Abel, Jaison R., and Richard Deitz. "Do The Benefits Of College Still Outweigh The Costs?." Current Issues In Economics & Finance 20.3 (2014): 1-12. Academic Search Complete. Web. 6 Mar. 2016. People who graduated with a college degree still questions whether college was a good investment for them. “Do the Benefits of College Still Outweigh the Costs?” addresses how students who graduated with a college degree are still unemployed and in debt. Furthermore, students have been paying more to attend college and earning less upon graduation.... [tags: Higher education, University, Academic degree]
1914 words (5.5 pages)
- ”Examine the extent to which the benefits of UK membership in the European Union outweigh the costs” Economic integration is the joining of economic policies between different states/regions. This eliminates tariff and non-tariff barriers to the flow of goods, services and factors of production between the regions. Economic integration has varying levels referred to as trading blocs; these are a form economic integration. A trading bloc is a group of nations that have been made a bilateral or multilateral agreement.... [tags: European Union, International trade, Trade bloc]
1531 words (4.4 pages)
- Annotated Bibliography Peter M. Crosta and Manning, Terri M.,. "Program Costs and Student Completion." Budget and Finance in the American Community College. 2014.168 (2014): 41-51. NCLive. Web. 24 March 2016. The article “Program Costs and Student Completion” by Peter M. Crosta and Terri M. Manning suggests that community colleges throughout the country face issues with decision making. Crosta and Manning explain how community colleges aim to enhance the retention and completion rates of the students while also preparing students for employment.... [tags: Higher education, College, Secondary school]
1319 words (3.8 pages)
- Cost is the most challenging factor in health care. The reasonability and affordability of healthcare should be the main concern for the community. A more acceptable cost will guarantee improved access to healthcare for everyone. The United States American health expenditure totaled 17.7% of the Gross Domestic Product (GDP) or $ 8,507.6 per capita in 2011 (OECD, 2013). American health care cost depends on the market including several providers (profit, non-profit, and government owned facilities) and payers (private for profit, non-profit insurance companies, the government, self insured and self payers).... [tags: health, healthcare costs]
1279 words (3.7 pages)
- For example, Collin Allen states, “Girls whose fathers left either before they were born or up to age 5 were seven to eight times more at risk of becoming pregnant as an adolescent than girls living with their fathers.” In other words, parents are supposed to be the teachers and the ones who protect the child. Therefore, if such presence is not there, the child will not have that person how tells her what to do or not, or what is correct or not increasing the probability of committing an erroneous action.... [tags: Pregnancy, Adolescence, Teenage pregnancy]
936 words (2.7 pages)
- Costs The time after a terrorist attack or mass shootings, it drives the demand for guns to rise which increase people’s spending on firearms. The costs associated with firearms are carrying down the economy. Data by Ted Miller, an economist at the Pacific Institute for Research and Evaluation shows that “the annual price tag comes to at least $229 billion a year (based on 2012 data). That includes $8.6 billion in direct spending—from emergency care and other medical expenses to court and prison costs—as well as $221 billion in less tangible "indirect" costs, which include impacts on productivity and quality of life for victims and their communities.” Direct costs also include police invest... [tags: Firearm, Gun, Costs, Firearms]
810 words (2.3 pages)