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Q: government runs a budget surplus when ?
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Q: Why does a balanced budget increase in spending and taxes increase aggregate demand?
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Describe the following term in your own words.
Balanced budget
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Solved in 2 steps
- Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto powerSince the year 2000, the U.S. government has always been running a budget surplus. A. This statement is true. B. This statement is false. C. The federal budget is mandated by law to be balanced. D. The validity of this statement cannot be determined because the federal budget is top-secret.Why is it important to budget? (Note: You may discuss it in personal level to government level).
- There are several important philosophies regarding budget balances. One way in which they differ is in terms of the time span over which the budget should be balanced. Another difference among budget philosophies involves whether the budget balance is as important as other economic goals. Which of the following budget philosophies advocates keeping the budget in balance every year, except during wartime? a)Annually balanced budget b)Cyclically balanced budget c)Functional finance A major problem with the implementation of this philosophy is that it: a)Magnifies business cycle fluctuations b)Can allow the national debt to burgeon with chronic deficits c)Relies upon government officials to budget for surpluses during boom times in order to cover deficits during recessionsShould the United States government attempt to operate under a balanced budget? Why, or why not?How will the revenues for the bottom line with a budget of $3.4 trillion affect our economy?
- Define government budget in not more than 3 linesExplain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what ways have you personally been impacted by state or local budgeting policies?Calculate the value of total expenditure when the budgetary deficit is given to be as $12,000 million and at the same time the total receipts are given to be as 88,000 million.