Short answer question (1) Define fiscal deficit

Q: Expansionary fiscal policy uses government spending and taxes to increase aggregate economic…

A: Fiscal policy is undertaken by the government. It uses government spending and taxes to affect…

Q: The U.S. debt is $28.9 trillion as of Nov. 6, 2021. and each citizen's share of this debt is over…

A: "The U.S. debt is $28.9 trillion as of Nov. 6, 2021. and each citizen's share of this debt is over…

Q: Find a fiscal deficit if the primary deficit is 780  and the interest payment are 630!

A: Primary deficit The primary deficit can be defined as difference among the current year's fiscal…

Q: Discuss the impacts of fiscal policy in Fiji during covid-19.

A: COVID-19 is a very serious issue which world is facing these days. As it is a communicable disease,…

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: i) Calculate total government expenditures. ii)Calculate total government spending. iii)Is the…

A: Government expenditure and spending are one and the same thing. Government expenditure = Government…

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: Contrast government debt with budget deficit or surplus

A: Budget deficit is the government expenditure dominating the government revenue in budget for a given…

Q: CONTRACTIONARY FISCAL POLICY GOV SPENDING 30% TAXATION tha t 70% How will Contractionary Fiscal…

A: Contractionary Fiscal Policy refers to decrease in government spending or increase in taxes in an…

Q: An expansionary fiscal policy: (Select All that Apply) Helpful Hint: There are 4 correct answers. O…

A: Fiscal policy is sometimes compared with monetary policy, which is determined by central bankers…

Q: 11.1 Due to the pandemic, the federal government announced many measures to help those negatively…

A: Government undertakes fiscal policy to maintain output and inflation in the economy. It refers to…

Q: the governament budget constrant: deficits,debts,spending and taxes kindly explain them

A: Meaning of Government Budget: The term government budget refers to a budget statement under which…

Q: Fiscal deficit indicates the total borrowings requirements of the government from all the sources.…

A: #Fiscal deficit is given as a difference between the total expenditure of the government and total…

Q: he Effects of Fiscal Deficits on an Economy.

A: Fiscal deficits are unfavourable balances that develop whenever a government spends more within a…

Q: budget deficit and national debt.

A: Budget deficit: It is the difference between total receipts & expenditure in both revenue &…

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: 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: (i) Explain the difference between the headline fiscal deficit and the primary fiscal deficit. Which…

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

Q: Actual Budget Deficit (-) or Surplus (+) Cyclically Adjusted Deficit (-) or Surplus (+) +0.1% Year 1…

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

Q: Debt, the total of a government’s financial obligations, measures what the state borrows from its…

A: Debt, the total of a government’s financial obligations, measures what the state borrows from its…

Q: _______ The total of all federal deficits is calleda. depression.b. fiscal policy.c. gross domestic…

A: The total of all federal deficits is the sum of money that the country owes, and must be repaid.

Q: The U.S. national debt equals the sum of government deficits over time. True or False True False

A: Government deficit indicates the excess of government revenues over the income of the government.

Q: Explain how expansionary fiscal policy works in an economy

A: The fiscal policy is the use of government revenue (taxes or tax cut) and the government…

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: Some of the components of the state budget depend on the level of output Y. The following components…

A: Given: Tt=1000+0.1Yt TRt=800-0.05Yt Gt=1800 IP=100

Q: Deficit may be defined as? Public Debt Intergovernmental Debt Debt created solely because the…

A: A budget deficit happens when a government, company, or a person has spending that is greater than…

Q: Revenues $100 billion $100 billion $100 billion $100 billion $200 billion Expenditures $100 billion…

A: Given are the two terms debt and deficit. The difference between the two is essential for the above…

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

A: Answer -

Q: List and distinguish the three major fiscal function

A: The employment of taxation and expenditure of the government to impact the economy is known as…

Q: Explain the essence of fiscal policy and how it realized! Explain causes and consequences of budget…

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

Q: How do economists distinguish between the absolute and relative sizes of the public debt? Why is the…

A: Absolute size of the public debt: It is the total accumulation of the deficits (minus the surpluses)…

Q: In year one government taxes are 590,000 and government spending is 600,000 in year two government…

A: In year 2, The government taxes = 590,000 The government spending = 590,000 The government deficit…

Q: lesae explain briefing what policy and implementation lags affect the potency of fiscal policy, and…

A: How fiscal policy works The use of taxation and government spending to impact the economy is…

Q: Explain the term federal deficits.

A: The term federal is related to the involvement of government.

Q: explain the impact of balanced budget on national debt

A: Primarily. lets clear on two basic concepts that will be used in the question under consideration:…

Q: xplain the five problems and criticisms that arise in the implementation of fiscal policy.

A: Fiscal policy is the policy that is adopted by the government to bring economic stability in the…

Q: Due to the pandemic, the federal government announced many measures to help those negatively…

A: Government undertakes fiscal policy to maintain output and inflation in the economy. It refers to…

Q: Economic situation: The economy is suffering from an unemployment problem created by too little…

A: A fiscal policy of expansionary nature works when the nation is going through a low, and it will…

Q: Primary deficit is $430 million and interest payments is $22 million Find fiscal deficit

A: The information being given to us is as follows:- Primary deficit = $430 million Interest payments =…

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: The national debt when the federal government incurs a stays the same; surplus rises; surplus stays…

A: The National debt refers to the total amount of borrowing that is incurred by the government of any…

Q: Question 1  What is the role of the Council Economic Advisers (CEA) as it relates to the…

A: given,First year budget deficit = $40 billionSecond year budget deficit = $20 billionThird year…

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: ________________________ making a series of future expenditures without simultaneously committing to…

A: When the expenditures are more than the revenues, the individual or the economy has to borrow funds…

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

A: