Which of the following is true?   a. The size of the national debt currently is about the same size as it was during World War II.   b. The national debt increases in size whenever the federal government has a surplus budget.   c. The national debt's size decreased steadily after 1980.   d. The current U.S. national debt is over $12.0 trillion.

Q: What is the relationship between a budget deficit and the national debt? A budget deficit adds to…

A: A budget deficit is the excess of government spending over government taxes.  i.e., Budget deficit =…

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: Which of the following is a way to finance a fiscal deficit? Select one: a. Indirect taxes. b.…

A: The fiscal deficit occurs when the government's expenditure is greater than the government's…

Q: Differentiate between the following terms: a. a budget deficit.  b. the government debt.  c. a…

A: a. When the expenditure of individuals, Government, or company surpass the revenue then it is called…

Q: In 2050, the government has collected $10,227 billion in revenues from taxes but has spent $10,584…

A: A budget deficit occurs when government spending is greater than government tax collection i.e.,…

Q: Why might economists be quite concerned if the annual interest payments on the U.S. public debt…

A: If the annual interest payments on debt increased sharply, government spending on debt will increase…

Q: What are some the long run risks of large deficits and significant increases in the federal debt as…

A: When expenses outnumber revenues, imports outnumber exports, or liabilities outnumber assets, an…

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: (Wall Street Journal) “Washington Wire” is a column that appears on the front page of…

A: A price-quantity pair in which the quantity asked equals the quantity delivered is called…

Q: What is the difference between the federal budget deficit and the national debt?   a. The budget…

A: The budget deficit occurs when the current expenses exceed the revenue of an economy.  This may…

Q: Try the following exercises to better understand how the national debt is related to the…

A: GDP refers to the total value of finished goods and services that produced within the economic…

Q: Which of the following is a true statement in reference to the national debt? a. It is almost…

A: 4. The answer is - e. As a percentage of GDP, it has steadily grown since World War II.

Q: 4. In the twentieth century, fluctuations in real GDP were Group of answer choices -less severe…

A: In the twentieth century, fluctuations in real GDP were: less severe during the last 50 years than…

Q: If you are given the following: C= 80+0.8 (Y-T) where T is Taxes I=30, where I is investment G= 50…

A: We know that taxes is the revenue earned by the government. In this question we see that the revenue…

Q: What is a budget deficit? How does a government respond to a budget deficit?

A: A government budget is an annual financial statement prepared by the governments that outlines the…

Q: Which of the following owns the largest proportion of the national debt?

A: The national debt is the total public debt held by the US Federal government which is the amount of…

Q: Define the budget deficit

A: A budget is a financial document of the economy. This includes the expected revenue of the…

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

A: Answer is given below....

Q: How does the Expansionary and Contractionary Fiscal Policy affect the Inflation, GDP, Economic…

A: The government uses fiscal policy to increase or decrease the aggregate output. It can increase or…

Q: national debt and the federal deficit

A: The below metrics are extracted from Fed For fiscal year 2019, which ended September 30, 2019, total…

Q: The total public debt is more revelant to an economy than the public debt as a percentage of GDP. An…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Summarize MMT in one sentence.

A: MMT means Modern monetary or money theory.

Q: What are the positive and negative impacts of fiscal policy on businesses within an economy?

A: Fiscal policy refers to the policies of expenditures and taxes of the government of a country. It…

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: Unlike households, governments are often able to sustain large debts. For example, in 2019, the U.S.…

A: The debt-to-GDP ratio is the ratio between government debt and the gross domestic product of a…

Q: An infrastructure plan more than $1.1 trillion on July 28, 2021 is an example of…

A: The fiscal policy would result in the policy which would result in the policy which would result in…

Q: Discuss the relationship between revenue deficit and fiscal deficit

A: We know that the budgetary deficit is of three types which are revenue deficit, fiscal deficit and…

Q: A government starts with a national debt of $3.5 billion. In year 1, the government runs a budget…

A: When government spending is more than government revenue, it is known as budget deficit. When…

Q: Try the following exercises to better understand how the national debt is related to the…

A: When government expenditure upon development projects (roads, railway, port, bridges, and many…

Q: 1. Use the graph below to answer the following questions: BB, (G. BB, (G,. t,) F D. 5300 5000 Real…

A: Given information BB0 and BB1 represented budget line Budget Line=T-G +ve on vertical axis…

Q: A government starts with no debt and then borrows $10 billion per year for four years.How much are…

A: The deficit is the amount by which a budget's expenses exceed its profits. The amount of money in…

Q: If a government runs a budget deficit of $10billion dollars each year for ten years, then a surplus…

A: The deficit accumulated after 10 years of budget deficit will be: budget deficit=10×10=$100 billion…

Q: True or false? If false, explain why.a. The total public debt is more relevant to an economy than…

A: a. The statement is false as wealth and productive ability of the economy is taken into account by…

Q: Complete the following sentence. As it relates to fiscal policy, a budget deficit exists when:Choose…

A: Fiscal policy measures the effectiveness of government budgets in an economy. This includes…

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.

Q: When governments run budget deficits, how do they make up the differences between tax revenue and…

A: A government budget is a statement of its planned expenditures and revenue receipts for a given time…

Q: Explain the difference between the budget deficit and the national debt. If the deficit gets turned…

A: We need to answer, Difference between the budget deficit and the national debt. If the deficit gets…