Homework Answers
Normative statements are the statements which are opinion based.
they are judgemental in nature .
They means ought be.
they are not the fact.
out of the iven options, only option b which says that the Federal government spend too much is opinion because it is personal opinion.
rest of the options that provides data or fact .
So they are considered as positive statement not normative statement .
Answer is option B
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Identify the normative statement(s) among the following statement(s). Select one: a. The federal government budget deficit...
empt=475859&cmid=1507980 d. print money. An increase in our federal government's budget deficit will likely: Select one:...
empt=475859&cmid=1507980 d. print money. An increase in our federal government's budget deficit will likely: Select one: a. increase the national debt. b. be less effective in stimulating the economy than the spending multiplier implies because of crowding out. C. decrease borrowing by households and businesses. d. increase interest rates. e. do all of the above. The central bank of the United States is called the: 12:38 % 1 & *
Which of the following is a normative economic statement? O A. The federal government is considering...
Which of the following is a normative economic statement? O A. The federal government is considering raising the gasoline tax to promote the use of public transportation. O B. Rising global demand for diesel and heating oil has led to increases in the price of crude oil. O C. Fashion designers should be allowed to copyright designs to promote innovation. D. With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased Click to select your...
Related to the Economics in Practice Federal government expenditures and receipts for the simple economy of...
Related to the Economics in Practice Federal government expenditures and receipts for the simple economy of the nation of Topanga are listed in the table below. The government of Topanga would like to reduce the debt-to-GDP ratio, and the Finance Minister of Topanga has proposed the following: "The best way to reduce the debt-to-GDP ratio is to increase GDP, because with a larger GDP, the ratio will have to get smaller. I therefore propose that government expenditures be increased by...
29 Suppose we have the following information conceming the federal government's finances Multiplier: 1.5 Tax Rate:...
29 Suppose we have the following information conceming the federal government's finances Multiplier: 1.5 Tax Rate: 15 % Increase in spending: $200 Billion Total Deficit in the previous year: $1 Trillion Why is the current deficit brought on by the increase in government spending less than the increase in spending by the government? The fiscal stimulus decreased the overall income in the economy causing tax revenues to increase O The Ricardian Equivalence theorem caused individuals to increase their spending, which...
6. Monetizing the deficit One of the major objections to government budget deficits is that they...
6. Monetizing the deficit One of the major objections to government budget deficits is that they may be inflationary. In addition, some worry that the Federal Reserve may monetize part of the deficit by buying some of the newly issued debt, potentially causing even more inflation. In general, a tax cut increases both real GDP and the price level, since it causes aggregate demand to increase. The following graph shows the demand and supply of bank reserves. Show the initial...
9. Which of the following statements is (are) correct? (x) A budget surplus occurs when government receipts are more tha...
9. Which of the following statements is (are) correct? (x) A budget surplus occurs when government receipts are more than spending and a budget deficit occurs when government spending is more than receipts. (y) The most common methods that the U.S. government uses to finance the budget deficit is by borrowing solely from the Federal Reserve or printing currency in the amount of the budget deficit. (z) If interest rates remain constant, then government must spend a larger amount of...
The Current U.S. government spending is $4.746 trillion. That's the federal budget for fiscal year 2020...
The Current U.S. government spending is $4.746 trillion. That's the federal budget for fiscal year 2020 covering October 1, 2019, to September 30, 2020. It's 21% of gross domestic product. That means that Government Spending in the United States has increased under the current U.S. Administration. Additionally, last year the Congress passed a tax reform that, among other effects, cut payroll taxes: i) Can you establish the macroeconomics effects of these policies on consumption, investment, interest rate and savings? Use...
3. The U.S. federal government finances budget deficits by A. selling stock, much like a corporation....
3. The U.S. federal government finances budget deficits by A. selling stock, much like a corporation. B. printing additional currency. C. borrowing from the public. D. raising property taxes. E. raising sales taxes. 4. According to long-run projections, under current law, A. federal government spending as a percentage of GDP will rise gradually but substantially in the next several decades. B. federal taxes as a percentage of GDP will rise gradually but substantially in the next several decades. C. the...
1. If the state of Texas's government collects $127 billion in tax revenues in 2015 and...
1. If the state of Texas's government collects $127 billion in tax revenues in 2015 and total spending in the same year is $128.5 billion, the result will be a: A. budget deficit. B. budget surplus C. decrease in payroll tax. D. decrease in proportional taxes. 2. A government annually spends $7 billion of its total tax revenue to weather related disaster relief, $25 billion to healthcare and $13 billion to education. If the government's annual tax revenue is $132...
Check my answers please ?? MULTIPLE CHOICE. Choose the one alternative that best completes the statement...
Check my answers please ??
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) The use of government taxes and spending to alter economic outcomes is known as A) Incomes policy Q) Monetary policy B) Foreign trade policy. D) Fiscal policy A- 2) 2) If full-employment output exceeds equilibrium output, greater deficit spending will result A) Smaller recessionary gap C) Smaller inflationary gap. B) Larger recessionary gap. D) None of the choices...
empt=475859&cmid=1507980 d. print money. An increase in our federal government's budget deficit will likely: Select one: a. increase the national debt. b. be less effective in stimulating the economy than the spending multiplier implies because of crowding out. C. decrease borrowing by households and businesses. d. increase interest rates. e. do all of the above. The central bank of the United States is called the: 12:38 % 1 & *
Which of the following is a normative economic statement? O A. The federal government is considering raising the gasoline tax to promote the use of public transportation. O B. Rising global demand for diesel and heating oil has led to increases in the price of crude oil. O C. Fashion designers should be allowed to copyright designs to promote innovation. D. With falling home prices and rising mortgage interest rates, the amount of foreclosures has increased Click to select your...
Related to the Economics in Practice Federal government expenditures and receipts for the simple economy of the nation of Topanga are listed in the table below. The government of Topanga would like to reduce the debt-to-GDP ratio, and the Finance Minister of Topanga has proposed the following: "The best way to reduce the debt-to-GDP ratio is to increase GDP, because with a larger GDP, the ratio will have to get smaller. I therefore propose that government expenditures be increased by...
29 Suppose we have the following information conceming the federal government's finances Multiplier: 1.5 Tax Rate: 15 % Increase in spending: $200 Billion Total Deficit in the previous year: $1 Trillion Why is the current deficit brought on by the increase in government spending less than the increase in spending by the government? The fiscal stimulus decreased the overall income in the economy causing tax revenues to increase O The Ricardian Equivalence theorem caused individuals to increase their spending, which...
6. Monetizing the deficit One of the major objections to government budget deficits is that they may be inflationary. In addition, some worry that the Federal Reserve may monetize part of the deficit by buying some of the newly issued debt, potentially causing even more inflation. In general, a tax cut increases both real GDP and the price level, since it causes aggregate demand to increase. The following graph shows the demand and supply of bank reserves. Show the initial...
Check my answers please ??
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) 1) The use of government taxes and spending to alter economic outcomes is known as A) Incomes policy Q) Monetary policy B) Foreign trade policy. D) Fiscal policy A- 2) 2) If full-employment output exceeds equilibrium output, greater deficit spending will result A) Smaller recessionary gap C) Smaller inflationary gap. B) Larger recessionary gap. D) None of the choices...
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