17. When the federal government's expenditures for a year are greater than its revenue for that year, the difference is known as: O The national debt.

Q: it borrows money from the public by issuing bonds. interest payments on the existing debt increase.…

A:

Q: Explain why fiscal policy actions typically work with a lag

A: The influence that the govt has on the economy via the use of taxation and expenditure is referred…

Q: GDP $ 450 $ 425 $ 2,000 500 450 3,000 600 500 4,000 640 620 5,000 5 680 580 4,800 6 600 620 5,000…

A: Answer; Option (a) 6 is correct answer

Q: Bldentify the impact that each of the following changes in fiscal policy woula have on the level of…

A: The fiscal policy refers to the government policy of expenditure and taxes. The change in government…

Q: gross national debt

A: GDP depicts the value of final goods and services produced in a year within domestic boundary. The…

Q: As per the government budget, the interest payments are estimated at $10,000 which is 40% of the…

A: The information being given is:- Interest payment = 10,000 This is the 40% value of primary deficit…

Q: Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion…

A: Given  That government has no debt and a balanced budget but suddenly it decides to spend $10…

Q: What is your deficit in your third year of college? $ S How much debt do you have that year? $ S

A: Deficit indicates the excess of spending over earnings.

Q: Last year the federal government spent 2000 on goods and services, while collecting tax revenues…

A: Government spends their tax revenue in order to purchase goods and services that could be used in…

Q: 2. Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal…

A: Given information: 1) Gross national debt initially = $2.5 trillion 2) The federal government then…

Q: 12. What is the purpose of the following fiscal policies? a. Contractionary b. Expansionary fiscal…

A: In economics and political science, fiscal policy is the use of government revenue collection and…

Q: Calculate the value of fiscal deficit if primary deficit is $420 million and interest payments is…

A: (Q) Calculate the value of fiscal deficit if the primary deficit is $420 million and interest…

Q: 2. If a government runs a budget deficit of $10 billion dollars each year for ten years, then a…

A: * ANSWER :-  * (2) as based on given data ,

Q: Suppose the national debt of a country is currently $400 billion dollar and the national nominal…

A: Net Deficit is defined as the accumulation of the governments annual budget deficits.  Nominal…

Q: Assume that the total federal debt is equal to $3 trillion.  Suppose now that the government runs a…

A: A budget deficit is a negative balance of budget that occurs when the government expenditures…

Q: Calculate the value of fiscal deficit given the interest payments equal to $500 million and the…

A: The information given to us is as follows:- Borrowings of the government = $5000 million Interest…

Q: 1) Distinguish between discretionary and nondiscretionary fiscal policy.

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is a true statement in reference to the national debt? a. It is almost…

A: 4. The answer is - e. As a percentage of GDP, it has steadily grown since World War II.

Q: Plesae explain briefing how fiscal policy works, what are spending multipliers, when is the spending…

A: How fiscal policy works The use of taxation and government spending to impact the economy is…

Q: Calculate the value of primary deficit when the borrowing of the government are $45,000 and the…

A: # Borrowings of the government excluding the interest payments gives the value of primary deficit.

Q: In 2019, the U.S. government’s total debt reached $21.2 trillion, approximately equal to 105.3% of…

A: When the government incurs a debt of $600 billion in 2020, the total debt (TD) rises by the sum of…

Q: Very short answer question (1) Calculate the fiscal deficit given:- -> Borrowings = 9000…

A: # Fiscal deficit arises in a situation whereby the goverment's expenditure in comparison to its…

Q: Actual Budget Deficit (-) or Surplus (+) Cyclically Adjusted Deficit (-) or Surplus (+) +0.1% Year 1…

A: Meaning of Fiscal Policy: The term fiscal policy refers to the situation under which the…

Q: We are given that the Borrowings are $15000 and the interest are $6000  Calculate the fiscal…

A: # The borrowings of the government represents the fiscal deficit of the government because it is…

Q: 1. If inflation is a major issue in the economy, what would be the correct fiscal policy response…

A: Answer: Inflation: it refers to the rise in the general prices of goods and services during a year.…

Q: considered a negative effect of increased government spending.

A: The crowding-out effect is a situation in which increased interest rates reduces private investments…

Q: Instead of paying transfer (TR) if the government were to increase government spending (G), what…

A: In the IS-LM model, when TR are paid by the government, it raises the disposable income (YD) of the…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 10 years…

A: GIVEN     Assume a government starts with zero debt. This government then runs an annua deficit for…

Q: Explain the difference between our federal government's deficit and debt.

A: A government budget is a statement of its planned expenditures and revenue receipts for a given time…

Q: 1. What is the role of the Council Economic Advisers (CEA) as it relates to the effectiveness of the…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The government of Osris believes in balancing its budget over a seven-year cycle. Over the first six…

A: Given that the tax rate is 0.25, we will have the following table:

Q: True or false? If false, explain why.a. The total public debt is more relevant to an economy than…

A: a. The statement is false as wealth and productive ability of the economy is taken into account by…

Q: 3. In FY 2017 (the fiscal year 2017 is from October 1, 2017 to September 30, the U.S. Federal…

A: Answer - Thank you for submitting the questions.But, we are authorized to solve one question at a…

Q: overnment Spending Tax Revenues GDP Year 1 $450 $425 $2,000 Year 2 500 450 3,000 Year 3 600 500…

A: A budget deficit arises when expenditure exceeds revenues, and it is a sign of a nation's economic…

Q: (i) Explain the difference between the headline fiscal deficit and the primary fiscal deficit. Which…

A: (i) Difference between headline fiscal deficit and primary fiscal deficit (a) A headline fiscal…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 28 years…

A: The financial liabilities of the government sector are referred to as gross government debt (also…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 28 years…

A: Given: Government debt = Zero (0) Annual Deficit = $3,351 Year = 28 To Find: The government debt…

Q: Explain the difference between a budget deficit and the national debt. How are they related?

A: A budget is a statement of the revenue and expenses of an economy over a given period of time. The…

Q: List and discuss the

A: Fiscal policy is the utilization of government spending and taxation to influence the economy.…