Please solve all A to D.......will upvote your work a. The government's budget constraint shows that total government expenditures must beequal to the sum ofandb. The government's annual budget deficit is the excess of totalrevenueovertotalspendingin a given year.c. If we want to know how much of a government's budget deficit is attributable tocurrent program spending and tax policies, we compute thedeficit. Thismeasure tells us the difference between the government's overall budget deficit and itspayments.d. If the government's total budget deficit is $20 billion and its debt-service payments are$18 billion, then itsis $2 billion. If the total budget deficit is $20 billion andits debt-service payments are $26 billion, then itsis $6 billion.

"Since you have asked multiple parts, we will answer only first two parts for you. If you want other…

a. The government's budget constraint shows that total government expenditures must be equal to the sum of and b. The government's annual budget deficit is the excess of total revenue over total spending in a given year.

a. The government's budget constraint shows that total government expenditures must be equal to the sum of and b. The government's annual budget deficit is the excess of total revenue over total spending in a given year.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 6PA

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Question

Please solve all A to D.......will upvote your work

a. The government's budget constraint shows that total government expenditures must be
equal to the sum of
and
b. The government's annual budget deficit is the excess of total
revenue
over
total
spending
in a given year.
c. If we want to know how much of a government's budget deficit is attributable to
current program spending and tax policies, we compute the
deficit. This
measure tells us the difference between the government's overall budget deficit and its
payments.
d. If the government's total budget deficit is $20 billion and its debt-service payments are
$18 billion, then its
is $2 billion. If the total budget deficit is $20 billion and
its debt-service payments are $26 billion, then its
is $6 billion.

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