Homework Answers
7. True
National debt is the total amount owed by the federal government.
8. A
Operating budget
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7. The national debt is the total amount owed by the federal government. True or false,...
9. Most economists would place the costs of a new public transit system in the capital...
9. Most economists would place the costs of a new public transit system in the capital budget. True or false. : A. True B. False 10. If the federal government runs a budget deficit in 2020, the federal debt will increase. True or false. A. True B. False.
During a period of recession, a federal government surplus should retire debt owed a. the Federal...
During a period of recession, a federal government surplus should retire debt owed a. the Federal Reserve. b. commercial banks. c. the general public. d. the Federal Deposit Insurance Corporation.
National Debt: The size of the total debt by the United States Federal government continues to...
National Debt: The size of the total debt by the United States Federal government continues to grow in fact according to the department of the treasury the debt per person living in the United States is approximately $53,000. The following data represents the US debt for the years 2001 through 2013 since the debt D depends on the year why and each and put corresponding to be exactly one output the debt is a function of the year so D(Y)...
which of these statements is true about the us national debt? two thirds of the debt...
which of these statements is true about the us
national debt? two thirds of the debt is held domestically
1st attempt Which of these statements is true about the U.S. national debt? Choose one: O A. The ratio of publicly held debt to GDP is the smallest in the world. OB. The ratio of publicly held debt to GDP is the highest in the world. O C. Most of the debt is owed to foreigners. O D. Annual interest payments...
To move from gross public debt to net public debt, subtract A) the amount owed to...
To move from gross public debt to net public debt, subtract A) the amount owed to individuals and firms outside the United States. B) all government interagency borrowing C)the current year's budget deficit from the amount of public debt at the start of the year D) the interest paid annually on the public debt
1. Government spending required by laws other than appropriation acts is also known as what? a....
1. Government spending required by laws other than appropriation acts is also known as what? a. Budget spending b. Mandatory spending c. Discretionary spending d. Deficit spending 2. Which of the following statements is true? a. Mandatory spending is determined by law and discretionary spending is determined by appropriation acts. b. Discretionary spending is determined by the president with advice from Congress, and mandatory spending is determined by the Supreme Court. c. Neither mandatory nor discretionary spending can be changed....
Gross public debt is O A. all federal government debt irrespective of who owns it. O...
Gross public debt is O A. all federal government debt irrespective of who owns it. O B. the total value of budget deficits plus budget surpluses over the past five years. O C. an excess of government spending over government revenues during a given time period. O D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. Click to select your answer.
please answer only 8, 9 and 10 please! 5. Approximately how large is the federal debt...
please answer only 8, 9 and 10 please!
5. Approximately how large is the federal debt per capita? (a) $1,000 (b) $4,000 (c) $10,000 (d) over $20,000. 6. State and local governments spend the most on (a) roads and highways (b) food stamps (c) education (d) public safety. 7. When the government expects that its income will be more than its expenditures, the budget will be described as (a) balanced (b) showing a deficit (c) having a surplus (d) allocated....
True or False 1. Public goods are provided by the government or not at all. The...
True or False
1. Public goods are provided by the government or not at all. The second largest source of tax revenue for the federal government is social insurance taxes (Social Security and Medicare taxes). Other things equal, an economy's marginal willingness to pay for a non-rival good is likely to be higher the larger the population. Spending on the social security program is not included in the unified budget because it is “off-budget." Market failure cannot occur if non-rival...
18. Suppose that at the end of 2014, the government holds debt of $150 billion, has collected tax revenue of $50 billio...
18. Suppose that at the end of 2014, the government holds debt of $150 billion, has collected tax revenue of $50 billion, and has spent $75 billion. The national debt at the beginning of 2015 is: A) $25 billion. B) $125 billion. C) $175 billion. D) $275 billion. 19. What approach to federal finance would you agree with if you wanted federal government revenues to equal federal government expenditures every year? A) annually balanced budget B) cyclically balanced budget C)...
9. Most economists would place the costs of a new public transit system in the capital budget. True or false. : A. True B. False 10. If the federal government runs a budget deficit in 2020, the federal debt will increase. True or false. A. True B. False.
National Debt: The size of the total debt by the United States Federal government continues to grow in fact according to the department of the treasury the debt per person living in the United States is approximately $53,000. The following data represents the US debt for the years 2001 through 2013 since the debt D depends on the year why and each and put corresponding to be exactly one output the debt is a function of the year so D(Y)...
which of these statements is true about the us
national debt? two thirds of the debt is held domestically
1st attempt Which of these statements is true about the U.S. national debt? Choose one: O A. The ratio of publicly held debt to GDP is the smallest in the world. OB. The ratio of publicly held debt to GDP is the highest in the world. O C. Most of the debt is owed to foreigners. O D. Annual interest payments...
Gross public debt is O A. all federal government debt irrespective of who owns it. O B. the total value of budget deficits plus budget surpluses over the past five years. O C. an excess of government spending over government revenues during a given time period. O D. a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period. Click to select your answer.
please answer only 8, 9 and 10 please!
5. Approximately how large is the federal debt per capita? (a) $1,000 (b) $4,000 (c) $10,000 (d) over $20,000. 6. State and local governments spend the most on (a) roads and highways (b) food stamps (c) education (d) public safety. 7. When the government expects that its income will be more than its expenditures, the budget will be described as (a) balanced (b) showing a deficit (c) having a surplus (d) allocated....
True or False
1. Public goods are provided by the government or not at all. The second largest source of tax revenue for the federal government is social insurance taxes (Social Security and Medicare taxes). Other things equal, an economy's marginal willingness to pay for a non-rival good is likely to be higher the larger the population. Spending on the social security program is not included in the unified budget because it is “off-budget." Market failure cannot occur if non-rival...
18. Suppose that at the end of 2014, the government holds debt of $150 billion, has collected tax revenue of $50 billion, and has spent $75 billion. The national debt at the beginning of 2015 is: A) $25 billion. B) $125 billion. C) $175 billion. D) $275 billion. 19. What approach to federal finance would you agree with if you wanted federal government revenues to equal federal government expenditures every year? A) annually balanced budget B) cyclically balanced budget C)...
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