Consider this data on the 2017 state budget for Alabama. What were the two largest components of state expenditure in 2017? Group of answer choices education and public welfare highways and hospitals insurance trust expenditure and public welfare education and hospitals

Q: Calculate the primary deficit given that the Fiscal deficit is  $1500 million and the interest…

A: # Primary deficit is given to be as the difference between the fiscal deficit and the interest…

Q: From the following data about a government budget, find a) Revenue Deficit, b) Fiscal Deficit and(c)…

A: Revenue Deficit refers that that the government have less revenue for the investment in the economy…

Q: Question 8 What is meant by the "National Debt?" Explain why the "National Debt" has been both…

A: 8) National debt implies the loans or borrowings by the government of the country. It can be owed to…

Q: A government budget shows the primary deficit of 6100 billion the revenue expenditure on interest…

A:

Q: On Friday, 27 September, 2019, the Minister of Finance, Honourable Dr. Bwalya Ng’andu, MP, presented…

A: Taxation Tax is the main source of revenue for the government of the nation. Tax is of two types…

Q: True or False: Pensions and income security make up the largest share of federal expenditures.

A: The expenditure of the economy is divided in two parts which are state and central government…

Q: factors affecting the increasing purchase of goods and services

A: 1. Population -- more population more government expenditure on goods and services like health,…

Q: 23)Which of the following is classified as Fiscal Policy? Select one: a. The federal government…

A: 23.Answer is (a) Tax cut is an example of fiscal policy.To decrease air pollution,federal government…

Q: Please place these budget process steps in order from first to last: Systematic audits are conducted…

A: Budget refers to the process of making a detailed plan for distribution of funds and resources over…

Q: In a government budget, primary deficit is $20000 million and interest payments is $16000 million…

A: The information given to us is as follows:- Primary deficit of the government = $20,000 million…

Q: In 2019, the government collected $550 billion in taxes and the government had a $120 billion budget…

A: Budget Deficit occurs when government spending exceeds the revenue collected by government. Budget…

Q: Calculate the budgetary deficit in a country where the total expenditure is $19,000 million and…

A: The information being given is:- Total expenditure = $19,000 million Total receipts = $7600 million…

Q: Discuss four problems that complicate the application of fiscal policy, include a description of…

A: Fiscàl policy  We show that Fiscàl policy is  the government's policy of stabilizing the economy by…

Q: The largest portion of the federal budget is dedicated to   discretionary spending.   mandatory…

A: Federal budget: It means the estimate of the government of revenue and spending for each fiscal…

Q: (Net Public Debt) What’s the level of net public debt (for federal, state, and local governments)…

A: Net public debt is defined as the total or net accumulation of the annual budget deficit.

Q: List the three most important expenditure programs of the federal government. How do they differ…

A: The three most important expenditure programs of the federal government are Social Security,…

Q: A government shows a primary deficit of $1122 and the expenditure on interest payment is $432 what…

A:

Q: Calculate the budgetary deficit in a country which has a total expenditure of $19,000 million and…

A: A Budget is a term mainly used for government expenditure or spending instead of Business firm's…

Q: Which of the following statements illustrate a regressive tax? Tom gets a new job and his income…

A: A regressive tax is mainly applied in a manner that the tax rate decreases as the total taxable…

Q: 1. It refers to the revenue and expenditure measures of the public budget

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

Q: What is the relationship between budget deficit and debt ratio to Gross Domestic Product (GDP)

A: A budget deficit shown when expenses exceed revenue and indicate financial condition of a country.…

Q: The largest single portion of the federal budget is devoted to A. interest payments on the…

A: Federal budget is divided into various uses, rnaging from education and Medicare to social security…

Q: Fiscal policy theory recognized the usefulness of the borrowing for economic goals, others believe…

A: Answer -

Q: spending is the part of the budget that works its way through Congress each year and includes…

A: Governments, organizations, and people all use budgets to estimate income and spending for a certain…

Q: Government spending in the federal budget that Congress can adjust as it wishes is called

A: The power assigned to Congress to adjust the government spending in the federal budget is termed as…

Q: Many communities today are concerned with their local government's ability to appropriately manage…

A: Fiscal policy is the use of government spending and tax assessments to impact the economy.…

Q: The Effects of Fiscal Deficits on an Economy.

A: Fiscal deficit refers to the difference between the expenditure and income of government or…

Q: Make a graph showing the spending and tax revenue of your state government for as many years as you…

A: Answer is given below

Q: eal-Time Data Analysis Exercise onsider the data below for federal budget receipts, federal budget…

A: The formula of  surplus as a percentage of GDP:[( Receipts-Expenditure)/GDP]*100   The year 2016:…

Q: Calculate the budgetary deficit when the total expenditure is 200000 and the total receipts is…

A: # Budgetary deficit is given as the difference between the total expenditure and total receipts that…

Q: Find the primary deficit if the fiscal deficit is 52 and the interest payments are 12

A: Initially in the given question Fiscal deficit = 52 Interest payment = 12 We need to calculate the…

Q: Identify the type of Fiscal Policy The government reduces the wages of its employees while raising…

A: In an economy, governement enter the market using its policies, which are known as fiscal policies.…

Q: The information in many of the tables in this chapter can be found in the Economic Report of the…

A: 1.1. Government revenue has increased over a period of time. This growth is mainly because of the…

Q: The following levels of government determine a budget each year to show how much revenue the…

A: A budget refers to a calculation of income and expenses over a defined future period of time and is…

Q: In an economy, the budgetary deficit is of $30,000 The total receipts are $14,000 Calculate the…

A: According to the above given question, the value given are:- Budgetary deficit = $30,000 Total…

Q: 10.  Legislative lags associated with fiscal policy are due to all of the following, except:…

A: fiscal policy is the use of government revenue collection and expenditure to influence a country's…

Q: Describe how a budget deficit arises and explain the corresponding action typically taken by a…

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Q: Describe the role of the budget in fiscal policy

A: Fiscal policy is the use of public funds and tax assessments to affect the economy. Governments…