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Future U.S. deficits could be decreased by
Question 36 options:
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decreasing current and future taxes |
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increasing government expenditures and decreasing taxes |
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decreasing government expenditures and increasing taxes |
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increasing transfer payments and decreasing interest payments on the debt |
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- Which of the following is not true of deficits? Supply-side policies contribute to budget deficits by cutting taxes. Demand-side policies contribute to budget deficits by increasing government spending. Deficits in any budget year are repaid in the next year's budget. Deficits result in increased debt.Which of the following must be true of an economy in equilibrium with no foreign sector (check all that apply)? Question options: There are no savings (S = 0) The sum of all injections equals the sum of all leakages Any private surplus will be equal to a public (government) deficit of the same size (dollar value) Actual investment (including inventories) is equal to intended investment G – T = S – II S + II = T + GTwin deficits refer to the combination of government budget deficit and trade deficit. The relationship between the 2 types of deficit is If the government budget deficit decreases, then the trade deficit would rise. An increase in the government budget deficit can lead to a greater trade deficit, but not always. During a recession, both deficits are likely to fall.
- Twin deficits refer to the combination of government budget deficit and trade deficit. The relationship between the 2 types of deficit is If the government budget deficit decreases, then the trade deficit would rise. During a recession, both deficits are likely to fall. If the trade deficit increases, so does the government budget deficit. An increase in the government budget deficit can lead to a greater trade deficit, but not always.Which statement best explains why budget deficits may bring on a recession? a) Large deficits increase interest rates, attracting foreign investors. b) Persistent deficits lead to economic problems that scare away foreign investors. c) Spiraling national debt depresses private saving, reducing the amount of capital that can be invested. d) Deficit spending leads to a reduction in aggregate demand and a decrease in output.Public deficits arise whenever government expenditure exceeds government receipts. This phenomenon may result from various factors, such as an increase in government expenditure, a decrease in taxation, or a decline in receipts due to an economic slowdown. The accumulation of deficit leads to a rise in public debt. This is precisely what happened in many countries in the wake of 2007-2008 financial crises, when a combination of expensive bank bailouts, a decline in tax receipts due to recession, and an increase in government expenditure to fend off recession led to a record high deficit of 7.5 percent of GDP for the entire OECD area in 2010 and a record high public debt-to-GDP ratio of 94 percent in 2014. However, government budget deficits might be quite unsavory to the electorate. Thus, elected governments are sometimes tempted to “cook the books” and use “creative accounting” to present official deficit figures that seriously underestimate the real balance of government budgets.…
- Which of the following might increase the government budget deficit? contractionary fiscal policy expansionary fiscal policy expansionary monetary policy contractionary monetary policyWhich of the following statements about government deficits is correct?a. Deficits should occur during recessionary gaps and surpluses during inflationary gapsb. Governments usually have deficits and rarely have surplusesc. Deficits are politically more popular than surplusesd. All of these statements are correcte. Options a and b are both correct but c is notWhich of the below statements is INCORRECT about budget deficits and surpluses? Group of answer choices An economy should steer clear of deficit budgets even during economic recessions. If an economy slips into a recession, tax revenues will fall, but raising taxes will certainly worsen the situation. A budget deficit is funded by borrowing money by selling treasury bonds, which requires the government to pay back the interest on the amount borrowed, plus the principal borrowed. Since 2001 the U.S. has been consistently spending more than the tax revenue is collected, and the amount borrowed plus interest owed has been accumulating to a rather large national debt. A budget deficit occurs when the government spends more than it collects in tax revenues.
- All of the following rules are effective in reducing the budget deficit except: A. spending caps B. inflation targeting C. Constitutional amendments D. PAYGO rulesThe response of firm investment to an increase in the government budget deficit is called expansionary investment. private dissaving. crowding out. income minus net taxes.Which situations result in an increase in the national debt? Select the two correct answers.: a decrease in intragovernmental debt an increase in intragovernmental debt a decrease in the federal budget's deficit an increase in the federal budget's deficit a surplus in the federal budget a balanced federal budget
