Complete the following sentence. As it relates to fiscal policy, a budget deficit exists when:Choose one answer.a. the government receipts are greater than its expenditures. b. the government expenditures are greater than its receipts. c. the government expenditures are equal to its receipts. d. the national debt is less than the yearly revenue.

Q: Which of the following is a way to finance a fiscal deficit? Select one: a. Indirect taxes. b.…

A: The fiscal deficit occurs when the government's expenditure is greater than the government's…

Q: Briefly explain how a budget deficit arises and what corresponding action is typically by taken by a…

A: Budget deficit arises when the expenditure of the government exceeds the revenue ie the government…

Q: 1. When the federal government spends more than it takes in via taxes, it runs a fiscal deficit. A…

A: A budget basically refers to a financial plan that covers a certain time period, generally a year.It…

Q: Next question The table shows the tax revenues and the outlays of a nation at each level of real…

A: please find the answer below.

Q: Briefly analyse the various policy measures that a government might have to undertake to deal with…

A: We show A fiscal deficit occurs when the government's expenditures exceed its revenues in a given…

Q: 2. What is the largest component of the federal budget? A) Entitlements C) Defense B) Net interest

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

Q: Briefly analyse the various policy measures that a government might have to undertake to deal with…

A: A fiscal deficit is a discrepancy between a government's revenue and expenditures. Spending over its…

Q: Try the following exercises to better understand how the national debt is related to the…

A: GDP refers to the total value of finished goods and services that produced within the economic…

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

A: The transfer payment is described as government payments to the individual by social programs like…

Q: Which of the following sentences correctly describes the budget of the Federal Government of the…

A: The budget deficit states that the government's expenditure surpasses the government's revenue. The…

Q: 4. In the twentieth century, fluctuations in real GDP were Group of answer choices -less severe…

A: In the twentieth century, fluctuations in real GDP were: less severe during the last 50 years than…

Q: What's the difference between the debt and a deficit? Expansionary fiscal policy involves increasing…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: If you are given the following: C= 80+0.8 (Y-T) where T is Taxes I=30, where I is investment G= 50…

A: We know that taxes is the revenue earned by the government. In this question we see that the revenue…

Q: What is a budget deficit? How does a government respond to a budget deficit?

A: A government budget is an annual financial statement prepared by the governments that outlines the…

Q: Which of the following owns the largest proportion of the national debt?

A: The national debt is the total public debt held by the US Federal government which is the amount of…

Q: The following calculations help you see how the ratio of debt to GDP changes from one year to the…

A:

Q: in a government budget the primary deficit is $10,000 million and the interest payments is dollar…

A: In an economy, government make expenditure for different purposes that may lwad to arise primary and…

Q: Define the budget deficit

A: A budget is a financial document of the economy. This includes the expected revenue of the…

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

A: Answer is given below....

Q: Compare and contrast the use of government spending changes versus tax changes as a means of…

A: Both fiscal policies whether it is the use of government spending and use of tax changes are…

Q: In a government budget revenue deficit is $ 60,000 billion and the borrowings are dollars 76,000…

A:

Q: The following table shows government spending and tax revenue for a hypothetical economy over a…

A: A budget deficit occurs when the actual expenses of the government exceeds the planned expenses.

Q: Summarize MMT in one sentence.

A: MMT means Modern monetary or money theory.

Q: Discuss the two (2) main tools that a government can use to implement fiscal policy.

A: The term 'fiscal' relates to the government's budget and signifies 'budget.' Fiscal policy is the…

Q: The Borrowings of the Government and the fiscal deficit are $30,000 Is this situation true or…

A: # Fiscal deficit is given as the difference between total revenue and total expenditure of the…

Q: Suppose that in 2005 the government collected $240 billion in tax revenue and spent $270 billion,…

A: The budget is said to be balanced when the tax revenue is equal to the government spending. A budget…

Q: ist the 3 major economic goals of fiscal policy.   Who is responsible for fiscal policy?

A: Since you have multiple questions, I would be answering the first two. If you want any specific…

Q: Complete the following sentence. As it relates to fiscal policy, a budget deficit exists when:Choose…

A: A budget deficit occurs when a government spends more in a given year than it collects in revenues,…

Q: 1. Use the graph below to answer the following questions: BB, (G. BB, (G,. t,) F D. 5300 5000 Real…

A: Given information BB0 and BB1 represented budget line Budget Line=T-G +ve on vertical axis…

Q: What is the difference between a budget deficit, a balanced budget, and a budget surplus?

A: The government budget refers to the financial statement that is prepared by the government that…

Q: In 2010, the country of Lykesville had a balance budget, no debt, and its GDP was $31500. In 2011,…

A: Balanced budget refers to country's budget when both expenditure and revenue of government are…

Q: What is the importance of fiscal policy during times of economic recession?

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

Q: What are the tools of fiscal policy? Give sample and explain.

A: Fiscal policy refers to the use of taxation and government spending by the government to influence…

Q: Explain the difference between the budget deficit and the national debt. If the deficit gets turned…

A: We need to answer, Difference between the budget deficit and the national debt. If the deficit gets…

Q: If GDP in Makala is $300, what is the government's budget balance? b) If government spending is…

A: (a) At real GDP of $300, net tax revenue (NTR) is 120, and government spending (G) is 160 If G>…