discuss the budget cycle.discuss why the annual budget is considered as a political act of state?

Q: What is the relationship between a budget deficit and the national debt? A budget deficit adds to…

A: A budget deficit is the excess of government spending over government taxes.  i.e., Budget deficit =…

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: If the objective of fiscal policy is to stabilize (achieve full-employment (potential) GDP and…

A: A balanced budget is a circumstance in monetary planning or the budgeting technique where total…

Q: Explain the concept of Fiscal Policy

A: Definition of Fiscal Policy: Fiscal policy is a policy of government to control the economy through…

Q: How will Expansionary Fiscal Policy affect the Federal Budget? A budget surplus will decrease the…

A: An expansionary fiscal policy is a policy that means there is more money supply in the economy.

Q: Discuss the difficulty in predicting the effects of discretionary fiscal policy.

A: Fiscal policy is the process through which a government modifies its spending and tax rates in order…

Q: government budgeting? Why is it important?

A: Government budgeting:- Government budgeting is the critical exercises of allocating revenues and…

Q: True or false.  Most of the federal expenditures are not at the year-to-year discretion of Congress…

A: When talking about government budget, government requires to maintain budget related to…

Q: What is the importance of studying the national budget and how it will affect our economy?

A: national budget is important because of following reasons :- 1. Hepls in allocation and distribution…

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: Discuss the government’s use of discretionary fiscal policy in controlling economic fluctuations.

A: Fiscal policy refers to the government policy of expenditure and taxes. The changes in the tax and…

Q: Government spending in Robok is $90 billion, and its only tax is an income tax with a marginal tax…

A:

Q: Describe the following term in your own words. Balanced budget

A: Budget shows the total receipts(income) and total expenditure of the government in a fixed period of…

Q: If Tax revenue is greater than government spending, which of the following must be true? Select ALL…

A: The difference between the government spending and tax revenue is referred as budget.

Q: Assume today is October 20, 2021. In which quarter of fiscal year 2022 is the federal budget?

A: The federal budget is the government's estimate of revenue and spending for each fiscal year. The…

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: Which fiscal policy would make a budget surplus smaller or a budget deficit larger? lower government…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: When the government deliberately alters its level of spending and/or taxes in order to achieve…

A: ‘Fiscal policy’ refers to the use of ‘government revenue collection’ & expenditure to influence…

Q: What must be true about the level of government expenditures and tax revenues for the federal…

A: Government expenditure is the amount spent by the government in order to provide goods and services…

Q: The two largest areas of federal spending which impact the U.S. budget are

A: In total federal spending, social security contributes to highest with 33 % and then medicare and…

Q: List what specific, deliberate actions the federal government could take to enact expansionary…

A: Expansionary fiscal policy is aimed at increasing aggregate demand when the economy is in a…

Q: since 1994 has the federal budget had a surplus

A: Budget surplus means total revenue exceeds total expenditure by the government.  From the graph…

Q: Problems with the federal government budget process include: O a. budgeting that increases the…

A: When economic agents take part in the production process, they get an income in exchange for labour.…

Q: Evaluate the economic impact of current and future Federal budget

A: A budget process refers to the mechanism by which a budget is generated and approved by government.

Q: Which of the following is a TRUE statement about arguments for and against requiring a balanced…

A: The federal budget is the government's forecast for income and expenditures for each fiscal year.The…

Q: Explain the instuments of Fiscal policy.

A: Monetary and fiscal policy are the 2 most important type of policies in the economy. Monetary policy…

Q: Discuss how governments can use fiscal policy to address TWO costs of unemployment.

A: Answer: The TWO costs of unemployment are given below: (1). Loss of output or goods and services:…

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: 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: Government spending in Robok is $140 billion, and its only tax is an income tax with a marginal tax…

A: here we calculate the following terms by using the given information , so the calculation of the…

Q: Match each of the following with the appropriate Fiscal Policy Should be used when Unemployment is…

A: In an economy, governement uses contractionary fiscal policy when it wants to decrease income level…

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

A: Fiscal policy measures the effectiveness of government budgets in an economy. This includes…

Q: Which of the following is a limitation to fiscal policies? 1 The zero bound interest rate. The…

A: The economics as a study is based upon the idea that the resources which the economies have with…

Q: What do you understand from the sustainability problem of the fiscal stimulus packages implemented…

A: When the economy is facing a recession, the government can stimulate the economy by using…

Q: Define fiscal policy and explain the role of income taxes and government spending as fiscal policy…

A: Meaning of Fiscal Policy: The term fiscal policy refers to the situation under which the…

Q: Find the size of the cyclically adjusted budget deficit. Find the initial equilibrium for prices (P)…

A: The cyclically adjusted budget is the budget that would be implemented if the economy were fully…