The largest portion of the federal budget is dedicated to   discretionary spending.   mandatory outlays.   interest payments.   tax collection.   defense spending.

Q: Which types of budget cuts only reduce areas that have overspending? Group of answer choices…

A: Budgets refers to the preparation of the spending plans based on the income. Budgets are prepared by…

Q: Since the year 2000, the U.S. government has always been running a budget surplus. A. This statement…

A: The federal budget is used to establish financial priorities, such as social security, military, and…

Q: 21) "A $10 billion increase in taxes and a $30 billion cut in government spending" is the example of…

A: Fiscal policies are the ones that are related to the collection of revenue and decision of spendings…

Q: Decrease in government expenditure Increase government expenditure Decrease in government…

A: Aggregate expenditure is the current value of all the finished goods and services in the economy.

Q: A reduction in current taxes must result in which of the following?       lower future taxes…

A: A reduction in current taxes cannot lead to lower future taxes . Taxes are revenue of the government…

Q: On Friday, 27 September, 2019, the Minister of Finance, Honourable Dr. Bwalya Ng’andu, MP, presented…

A: Taxation Tax is the main source of revenue for the government of the nation. Tax is of two types…

Q: True or False   1.Budgeting for the government is far more complicated, the federal government has…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: True or False: Pensions and income security make up the largest share of federal expenditures.

A: The expenditure of the economy is divided in two parts which are state and central government…

Q: TRUE/FALSE Spending by local governments to stimulate or slow down their local economies is an…

A: The Fiscal Policy (FP) is a tool of government to adjust the economy. The Monetary Policy is a tool…

Q: Presidential candidate trump promised in mid 2016 that if he became President, he would never have…

A: A budget deficit occurs when expenses exceed revenue and indicate the financial health of a country.…

Q: Entitlement spending is Group of answer choices is another word for Discretionary Spending required…

A: Entitlement services like medicaid and medicare, as well as necessary interest payments on the…

Q: 47. The federal government runs a budget surplus when Group of answer choices the economy is in a…

A: Budget surplus is the situation if excess reserves.

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: If MPC = .5, a simultaneous increase in both taxes and worthless government spending of $20 will:…

A: The balanced-budget multiplier is equal to 1 in this case . When the government increases spending…

Q: The PAYGO budget requirement means: a. that only programs generating revenues may be proposed for…

A: A government's budget records the revenue and spending anticipated by the government in the coming…

Q: Consider this data on the 2017 state budget for Alabama. What were the two largest components of…

A: Consider this data on the 2017 state budget for Alabama. What were the two largest components of…

Q: An economist who favors smaller government would recommend: tax cuts during recession and…

A: Economists, such as classical, favor smaller government as they emphasize the role of the invisible…

Q: A balanced budget occurs when government a. outlays exceeds tax revenues. b. tax revenues exceeds…

A: Government budget refers to the legal document which is prepared by a political entity or by the…

Q: As long as tax rates are not very high, a decrease in tax rates will tend to   a. increase the…

A: Budget deficit:-  Budget deficit happens when spending of government is more than the revenue earned…

Q: Determine whether the following government actions are discretionary or nondiscretionary spending.…

A: Discretionary fiscal policy is a policy action aimed at stabilizing the business cycle. Non…

Q: When current income of the Government is less than its current expenditure, it is known as: a)…

A: Revenue is the amount that is received by the producer or the seller after the sales of the goods…

Q: Deficit spending" refers to a situation where the government:  A. Spends borrowed funds B. Collects…

A: When tax revenue collected by the government is equal to government spending the situation is known…

Q: Fill in the blanks : During [A Recession / Periods of Inflation], Congress could [Raise / Cut] taxes…

A: The fiscal and monetary policies are used by the governments to achieve certain economic goals. They…

Q: Fiscal policy refers to Multiple Choice fact that equal increases in government spending and…

A: In an economy, two primary form of macroeconomic policies are fiscal policy and moentary policy.

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

A: Answer -

Q: Title Actions by the Federal Government that decrease the progressivity of the tax system: a.…

A: Tax system of a country refers to the process through which the tax has been collected by the…

Q: Which of the following is an appropriate discretionary (active) fiscal policy if there is a…

A: We need expansionary fiscal policy to close the recessionary gap.

Q: Choose... Choose.. Decrease in government expenditure Increase government expenditure Decrease in…

A: Fiscal policy involves the use of tax and government spending to influence the economy. Autonomous…

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: 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 three common limitations of discretionary fiscal policy are information lag, decision lag, and…

A: Discretionary fiscal policy is thought to be a very useful mechanism for the administration to…

Q: U.S. Congress Gives Final Approval to $787 Billion Stimulus Feb. 13 (Bloomberg)-The U.S. Congress…

A: The given value of MPC is 0.90. and; In first year, stimulate government spending is $185 billion.…

Q: Calculate the budgetary deficit when the total expenditure is 200000 and the total receipts is…

A: # Budgetary deficit is given as the difference between the total expenditure and total receipts that…

Q: Identify the type of Fiscal Policy The government reduces the wages of its employees while raising…

A: In an economy, governement enter the market using its policies, which are known as fiscal policies.…

Q: For the U.S. government, which of the given is NOT an example of discretionary spending? defense…

A: Answer is Medicare. Medicare spending is not an example of discretionary spending and it does not…

Q: Fiscal policy includes all of the following, except: O Borrowing Transfer payments (TP) wages…

A: Fiscal policy refers to the economic policy that is implemented by the government of a country to…

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: The government budget deficit or surplus is the difference between what a government and what it in…

A: Government budget deficit occurs when spending made by government exceeds revenue earned by…