Q: n 2016 the US population was 323 million the federal debt was $19.5trillion and the federal deficit…
A: The GDP or the gross domestic product is the value of all the final goods and services which are…
Q: What are the consequences of a high Debt to GDP ratio for the economy?
A: The debt-to-GDP ratio is the ratio of a country's government debt and its gross domestic product…
Q: government budget shows a primary deficit of 8200 the revenue expenditure on interest payment is 100…
A: Literally in the exact word we can say that the fiscal deficit is known to be as the amount or the…
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: A government budget shows the primary deficit of 6100 billion the revenue expenditure on interest…
A:
Q: What are the 4 deficits that lead to debt? Briefly explain each of the 4.
A: "Debt is the amount borrowers owe to the lenders." "National debt is the amount of debt that the…
Q: Find the primary deficit in a government budget if the fiscal deficit is $9200 and the interest…
A:
Q: Suppose the economy goes into a recession, and there are no changes the Federal Government’s tax…
A: A recession is a period of economic slowdown. Recession is characterized by a decrease in…
Q: Calculate the interest payments when Fiscal deficit is $18,000 and the primary deficit is $10,000
A: # we know that the sum of primary deficit and interest payment always gives us the value of fiscal…
Q: What is the difference between the US government debt and government deficits? Are they sustainable?…
A: In the United States, government, that us Congress,makes various rules and regulations, according to…
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: The following table describes government spending and revenue. Based on the following table, how…
A: Given the economy is at full employment, the level of GDP is 14000 Tax revenue = government revenue…
Q: Suppose that in 2016 the federal government spent $680 billion and collected $480 billion in taxes.…
A: The government budget gives the summary of the expenditure and revenues of the government. The…
Q: Federal budget deficits occur when Interest payment on national debt increase from one year to the…
A: 22) Federal budget deficit means when the expenditure is more than the revenue. The government gets…
Q: A deficit caused by an increase in government spending needed to offset reductions in consumption…
A: A budget refers to a prediction of revenue and expenditures for a certain time period that is…
Q: A federal budget deficit is financed by: a. Printing money b. Selling Treasury bonds c. Raising…
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Is it possible for a country to have a headline fiscal deficit and a primary fiscal surplus? Explain…
A: In an economy, headline fiscal deficit is the government over expenditure when receipts are less…
Q: Reasons to be concerned with printing money to finance the deficit. Reasons to be concerned with…
A: Printing more money has no effect on economic activity; it just increases the amount of cash in…
Q: Which of the following policy combinations would cause a rise in the government budget deficit?…
A: Fiscal measures is the utilization of government spending and tax collection to impact the economy.…
Q: Uruguay is a small country in Latin America. GDP is 100. Debt is 100. Government spending on goods…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The table shows the tax revenues and the outlays of a nation at each level of real GDP. What is…
A: Tax revenue is the earnings that authorities receive from taxes. The main element of state earnings…
Q: Which of the following is true? a. The size of the national debt currently is about the same size…
A: a. The debt to ratio hits its all-time record of 113% by the end of the war ended. In 1946, the…
Q: Revenue deficit can be managed through borrowing or disinvestment but fiscal deficit can be managed…
A: When the government expenditure exceeds the receipts during a fiscal year it is termed as revenue…
Q: Calculate interest payments if fiscal deficit is $77 million and primary deficit is $50 million
A: The information being given to us is as follows:- Fiscal deficit = $77 million Primary deficit = $50…
Q: The imaginary country of Acordia lists the following projected revenues and outlays for 2020: $30…
A: The government will suffer from budget deficit when the total expenditure of the government exceeds…
Q: What is considered "too much" debt or "too large" a deficit? Are you able to provide any guidelines…
A:
Q: What are the primary goals of expansionary and contractionary fiscal policies and their effects on…
A: Expansionary fiscal policy happens when the government decreases the tax rate or raises its…
Q: Congress recently passed and President Biden signed the American Rescue Plan (ARP), which will add…
A: A budget deficit is a yearly setback between government spending and tax income. It is the yearly…
Q: Describe the major differences in Republicans and Democrats plans on how they plan to create new…
A: Republican-style economic regulation The Republican Party is known for being pro-business and…
Q: Which of the following might increase the government budget deficit? contractionary fiscal…
A: Government can have balanced budget, budget deficit or budget surplus. Government imposes tax to…
Q: Explain the term federal deficits.
A: The term federal is related to the involvement of government.
Q: In 2010 the Greek government had to inform the European Commission on how it would control its…
A: The Greece crisis was one of the biggest financial rescue of a bankrupt country. In 2009, the…
Q: Calculate the interest payments when Fiscal deficit is $18,000 and the primary deficit is $10,000.
A: Given data: Fiscal deficit is $18000 Primary deficit is $10000
Q: If a government increases its budget deficit, which statement would best describe the consequences?…
A: In an economy, government budget is essential to analyze because it has significant impact on the…
Q: A deficit during a period of economic prosperity is called a deficit.
A: The expansion and peak periods of the business cycle are referred to as an economic boom. It's also…
Q: Which of the following is a correct measure of the primary deficit? (a) Fiscal deficit - Revenue…
A: Deficit refers to a situation when the expenditures of the government exceed the revenue of the…
Q: "If I am elected I will reduce the deficit" -every politician in history Which of the following best…
A: Deficit is the gap between spending and earning. A government facing a fiscal deficit means it has…
Q: What is the difference between the national debt and the deficit?
A: Debt and deficit are two of the most well-known terms in all of large scale money, and they're…
Q: Summarize the effects of a budget deficit by filling in the following table. Real Interest Rate Real…
A: Answer: Budget deficit: budget deficit refers to the excess of government expenditure over its…
Q: Suppose the media report that the federal deficit this year is $200 billion. The national debt was…
A: To find out the real deficit, we discount the percentage increase in price from the Nominal Deficit.
The following table describes government spending and revenue. Based on the following table, how much is the current primary deficit?
Step by step
Solved in 2 steps
- A. Net export spending will have a negative value when the country exports more goods than it imports from other countries. Group of answer choices True False B. Which of the following components of GDP includes your tuition payments? Group of answer choices consumption of nondurable goods investment consumption of durable goods consumption of services C. In the economy, income earned when producing new final goods and services must equal expenditure on the new final goods and services. Group of answer choices True FalseAssume you have the following data for a hypothetical country for a specific year (in billions of ZAR):Wages and Salaries: R2,500Interest: R300Rent: R200Profits: R1,000Taxes (Indirect Taxes Minus Subsidies): R400Depreciation: R500Given the data above, which of the following methods of calculating Gross Domestic Product (GDP) may beused?A. Expenditure approachB. Income approachC. Product approachD. Trade approachQ.1.3 In the base year, a country produced 50 units of output at a price of R6,00 eachfor a nominal GDP of R300. This year it produces 60 units of output at a price ofR8,00 each. What is the percentage change in real GDP since the base year?(2)(a) 5%;(b) 10%;(c) 20%;(d) 15%.
- Suppose you are given the following data for a particular economy (unit: Millions of Euros):Gross National Income mp (GNImp) =1650Investment (I) = 220(Iliq) Net investment = 210Private consumption(C) =1100Net External Income (NEI) = 0Net Indirect Taxes (NIT) = 231Public Spending (G) = 363 Calculate: a) Balance of Goods and Services or Net Exports (NX) and Amortizations/Depreciations (A). b) Net National Product at Base Prices (NNPbp) and Net Domestic Product at Base Prices (NDPbp)How will an increase in the amount of scholarships and pensions given by the government affect the level of GDP? a. Increase in the level of unemployment b. Increases the level of gross domestic capital formation c. No effect d. Increase in net exportsShow all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Investment 1500 Indirect business taxes 300 Retained earning 244 Corporate taxes 200 Social securities taxes 900 Government purchases 1500 Export 500 Transfer payments 1000 Net interest 500 Net foreign factor income 4 Depreciation 800 Capital consumption allowance Import 100 Personal income tax 300 a. Calculate GDP from the above figures b. Calculate national income from the above figures c. Calculate personal income from the above figures d. Calculate disposable income from the above figures
- In the base year, a country produced 50 units of output at a price of R6,00 each for a nominal GDP of R300. This year it produces 60 units of output at a price of R8,00 each. What is the percentage change in real GDP since the base year?(a) 5%;(b) 10%;(c) 20%;(d) 15%.Consider a macroeconomy where the current population is 800 thousand people. Gross domestic private investment is constant $2500 million while consumer expenditure is described by the equation: C = 580 +0.8DI. The government is fairly active, with a total expenditure of $2000 million andnet taxes of $2550 million. Further investigation of the macroeconomy reveals that imports are constant at $3000 million while exports are constant at $2500 million. Currently, the overall price level (GDP deflator) is 118 and the potental GDP level is $13.5 billion.(Question4 of 7)Now, consider that the government decreases taxes by 7.5%. While the change had a direct impact on the economy, other market conditions led to an unanticipated change in the economy. Specifically, imports decrease by 7.5%. At the same time, given the birth rate, mortality rate, and net migration, the economy experienced a 0% change in its population.1. As a result of these events, what is the current equilibrium level of GDP?…The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases $350B, GDPI $150B, Exports $150B, Imports $100B, Depreciation $50B. a) what is the value of GDP and NDP? b) what is the value of Net private Domestic investment ? c) suppose that in the next year exports increases to $175B, imports increase to 200B, and consumption falls to 350B. What will GDP be in that year?
- What government agency compiles the U.S. NIPA tables? In what U.S. department is it located? Of the several specifific sources of information, name one source for each of the four components of GDP: consumption, investment, government purchases, and net exports.All values below are in trillions of dollars Household Consumption $11.9 State & Local Government Expenditures $1.46 Imports $2.04 Gross Private Investment $4.08 Federal Government Expenditures $2.80 Payments of Factor Income to Other Countries $3.21 Depreciation $0.99 Exports $1.57 Receipts of Factor Income from Other Countries $3.79 If GDP is $20 trillion, GNP is $________trillion.Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment, $3.5 trillion coming from government expenditures, and $500 billion coming from net exports. Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion. From these figures, we see that net domestic product equals: a. $17.0 trillion. b. $16.0 trillion. c. $15.5 trillion. d. None of the above.