According to the text, what are the two largest sources of inflows of funds to the federal government in the United States? Social Security taxes and estate taxes Personal income taxes and social security taxes Government borrowing and social security taxes Government borrowing and personal income taxes Personal income taxes and corporate taxes

According to the text, what are the two largest sources of inflows of funds to the federal government in the United States? Social Security taxes and estate taxes Personal income taxes and social security taxes Government borrowing and social security taxes Government borrowing and personal income taxes Personal income taxes and corporate taxes

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter13: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 13SQ

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Similar questions

Which one of the following is not a major source of funds for the U.S. federal government? Multiple Choice _____ Payroll taxes _____ Proprietary income _____ Borrowing _____ General sales taxes
What would happen to the stated sizes of Federal budget deficits or surpluses if the current annual additions or subtractions from the Social Security trust fund were excluded?
What do economist mean when they say Social Security and Medicare are “pay as you go “plans? What are the Social Security and Medicare trust funds, and how long will they have money left in them? What is the key long-run problem of both Social Security and Medicare?
Q)Which of these methods of government deficit finance is MOST likely to crowd out private investment? Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices selling bonds to the public selling bonds to the Social Security Administration selling bonds to the Federal Reserve selling offshore oil leases
Explain three issues with the funding gap management.
What do economists mean when they refer to Social Security as a pay-as-you-go plan? What is the Social Security trust fund? What is the nature of the long-run fiscal imbalance in the Social Security retirement system? What are the broad options for addressing this problem?
What are the desirable and undesirable effects of using a lump-sum tax to finance government expenditure?
Why is social securities one of the biggest threats to the long run federal budget ?
Trace the cause-and-effect chain through which financing and refinancing of the public debt might affect real interest rates, private investment, the stock of capital, and economic growth. How might investment in public capital and complementarities between public capital and private capital alter the outcome of the cause-effect chain?
“Crowding out” refers to the situation in whicha. borrowing by the federal government raisesinterest rates and causes firms to invest less.b. foreigners sell their bonds and purchase U.S.goods and services.c. borrowing by the federal government causesstate and local governments to lower theirtaxes.d. increased federal taxes to balance the budgetcause interest rates to increase and consumercredit to decrease.
What are the major weaknesses of both the current services and fixed-ceiling public budgeting approaches?
The state of Alabama has legally earmarked around 85 percent of its state budget. This means that: a. In the annual appropriation process, members of the state legislature typically earmark particular locations in which spending will occur, thereby preventing administrative discretion in how appropriated funds get used. b. 85 percent of the money received for the state budget is allocated to particular uses in permanent law and is not subject to annual allocation by the legislature c. Individuals may receive benefits from the state if they meet criteria established in the earmarking legislation d. 85 percent of the budget is legally under control of the state legislature