Suppose a government has no debt and a of taxes. Instructions: Enter your responses rounde a. What will be the government's deficit?

Q: Question: State the macroeconomic effects of budget deficit

A: Macroeconomy is that part of economics that deals with the economy as a whole. It covers the…

Q: 2.1. In the given figure, what does the gap 'KT' represent? State and discuss any two fiscal…

A: Aggregate demand refers to the entire amount of demand for all completed goods and services produced…

Q: A governor presents an exparsionary fiscal plan to stimulate production throughcut the state. Which…

A: The best expansionary fiscal plan to stimulate the production in the state is to reduce the tax rate…

Q: a. Calculate the budget deficit in cach ycar by completing column 4. b. Calculate the primary budget…

A: As it is not mentioned that which questions are to be answered, so the answer of first two subparts…

Q: diagram, in which Tis tax revenues and G is government expenditures. All figures are in billions of…

A: Budget deficit = G-T at full employment level of $400 billion G=60 billion and T=40 billion     1.…

Q: 2. When the government runs a fiscal deficit, it finances it by: a. issuing stocks…

A: When a government's income falls short of its expenditures, a fiscal deficit results.A government…

Q: If the government runs a budget deficit, it means that there is an excess of government spending…

A: The government is a sector of the economy. It works for the welfare of the people.  It collects…

Q: In a government budget the total expenditure is $64,000 billion and a total receipt excluding the…

A:

Q: What is your deficit in your third year of college? $ S How much debt do you have that year? $ S

A: Deficit indicates the excess of spending over earnings.

Q: Suppose the national debt of a country is currently $400 billion dollar and the national nominal…

A: Net Deficit is defined as the accumulation of the governments annual budget deficits.  Nominal…

Q: a) What is automatic stabilizer in this context of fiscal policy? Explain with examples

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: In 1995, a proposed constitutional amendment that would require a balanced budget passed the U.S.…

A: Various legislators have been putting forward ideas to demand that the United States government…

Q: 2. What is the largest component of the federal budget? A) Entitlements C) Defense B) Net interest

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

Q: Calculate the budgetary deficit in a country where the total expenditure is $19,000 million and…

A: The information being given is:- Total expenditure = $19,000 million Total receipts = $7600 million…

Q: Plesae explain briefing how fiscal policy works, what are spending multipliers, when is the spending…

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

Q: Why should federal debt be thought of differently than household debt?

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: 5 Which one of the following statements regarding fiscal policy and the budget is correct?(a) When…

A: Fiscal Policy: This is regarding government policy. Under this policy, the government uses tools…

Q: We are given that the Borrowings are $15000 and the interest are $6000  Calculate the fiscal…

A: # The borrowings of the government represents the fiscal deficit of the government because it is…

Q: Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion…

A: Answer is given below....

Q: Compare and contrast the use of government spending changes versus tax changes as a means of…

A: Both fiscal policies whether it is the use of government spending and use of tax changes are…

Q: Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion…

A: "Since you have asked multiple parts, we will answer only first three parts for you, if you have any…

Q: b) If there is a serious gap in demand what will be the results aa) without and ab) with fiscal…

A: b) Demand gap= Available demand in the period- Our visible demand in the period The difference…

Q: iscuss the federal budget of the U.S government. should it always be balanced?

A: "Since you have asked multiple questions, we will answer only first question for you. If you have…

Q: A government shows the primary deficit of $20000 the revenue expenditure on the interest payments is…

A:

Q: Instead of paying transfer (TR) if the government were to increase government spending (G), what…

A: In the IS-LM model, when TR are paid by the government, it raises the disposable income (YD) of the…

Q: Aside from the few years during Clinton's administration, what is the state of the national debt?…

A: In the United States, government has changed based on electoral system due to which different…

Q: a. The government's budget constraint shows that total government expenditures must be equal to the…

A: "Since you have asked multiple parts, we will answer only first two parts for you. If you want other…

Q: What is a government budget deficit? How doesit affect interest rates, investment, and…

A: A government budget deficit occurs as spending exceeds revenue and shows a country's financial…

Q: Explain 3 ways the Canadian Government might use fiscal policy to attempt to stimulate an economy…

A: Expansionary Fiscal policy is used as a means to shift the aggregate demand curve outwards during…

Q: The U.S. is in a recession due to decreased Aggregate Demand in the economy. Should the government…

A: When there is a financial crisis in the economy or a rise in interest rates, fall in the prices of…

Q: what will be the fiscal deficit when primary deficit is $6800 and rhe interest payment is $150

A: Generally in the given question Primary deficit = $6800 The interest payments = $150 Fiscal deficit…

Q: When the government receipts are more than the government expenditure we call it as Surplus budget…

A: We are going to discuss the revenue & expenditure sources for any government to answer this…

Q: In 2019. government spending is $2.9 trillion, and taxes collected are S2.0 trillion. What is the…

A: Answer: Given, Government spending in 2019=$2.9 trillion Tax revenue in 2019=$2.0 trillion…

Q: What is government surplus or deficit

A: Equilibrium level of formula;  Y = C + I + G

Q: an a reduction in the budget deficit and fiscal stimulus occur simultaneously? Explain your answe

A: Yes, it can go both ways they can maintain fiscal stimulus with a reduction in the budget deficit.…

Q: 3. Suppose the country of Macroland's annual fiscal standing for six recent years. Assume that…

A: Government expenditure: Government expenditure is the amount of money spent by the government on…

Q: If the primary deficit of a government budget is $2300 and the interest on payment of it is $100…

A: Primary deficit = $2300Interest payment =  $100   Fiscal deficit reflects financial strength of the…

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

A: (i) Difference between headline fiscal deficit and primary fiscal deficit (a) A headline fiscal…

Q: Assume that the economy is in a recession and ere is a budget deficit. A strict balanced-budget…

A: Under the recession, the economy is below the full employment level or aggregate demand deficient in…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 28 years…

A: The financial liabilities of the government sector are referred to as gross government debt (also…

Q: Why did some governments feel that they had to introduce “austerity” fiscal policies soon after the…

A: A Fiscal Policy is an instrument of the government and reefers to the use of government spending and…