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9. Assume that at the end of a war the ratio of government debt to GDP...
12. What is the expected future trend of the debt to GDP ratio? A) There are...
12. What is the expected future trend of the debt to GDP ratio? A) There are too many unknown variables to make a prediction B) Ratio will remain stable C) Ratio will decrease slightly D) Ratio will increase greatly 9. U.S government spending on Social Security, defense, Medicare and Medicaid makes up approximately % of government spending A) 25 B) 33 C) 50 D) 63
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)...
7. Which of the following statements is (are) correct? (x) Suppose government debt equaled zero until...
7. Which of the following statements is (are) correct? (x) Suppose government debt equaled zero until three years ago. In the last three years government had a budget deficit of $80 billion in each of the first two years and a budget surplus of $70 billion in the last year. At the end of the last year, the government had debt of $90 billion. (y) When the U.S. government is in debt, it follows that they have a deficit for...
1. GDP - annual debt 2. government spending - tax revenue >0 3.government spending - tax...
1. GDP - annual debt
2. government spending - tax revenue >0
3.government spending - tax revenue <0
4. annual debt/GDP
5 annual deficit/GDP
6. total debt - debt held by us households and institutions
==================================================
A budget deficit is government spending in excess of what?
A.. tax revenues
B. real GDP
C. household spending
D. consumption
================================================
What would happen to the cyclical deficit if the GDP growth rate
jumped from 2 percent to 4 percent?
A.decrease in deficit...
A heavily indebted government may end up in a vicious circle, where higher interest rates and lower growth exacerbate the debt burden.
A heavily indebted government may end up in a vicious circle, where higher interest rates and lower growth exacerbate the debt burden.a. Derive an expression for how the change in the government debt-to-GDP ratio depends upon the primary deficit (relative to GDP), the earlier debt-to-GDP ratio, the interest rate and the GDP growth rate.b. By how much will the government debt ratio increase in a year if the outstanding debt is 100 per cent of GDP, the primary deficit 10...
Consider the following data about government debt and deficit in a given year: - real interest...
Consider the following data about government debt and deficit in a given year: - real interest rate on government bonds = 2% - growth rate of real GDP = 3% - current debt-to-GDP ratio = 50% - primary budget deficit = 0 Over this one-year period the debt-to-GDP ratio will have: A) remained unchanged. B) risen by 50%. C) fallen by 0.5 percentage points. D) risen by 0.5 percentage points. E) fallen by 50%.
): Suppose GDP is $1,000 billion, the national debt last year was $500 billion, the interest...
): Suppose GDP is $1,000 billion, the national debt last year was $500 billion, the interest rate paid on government debt is 7%, and GDP is growing by 5% per year. a. If the goal of the government is to hold the debt-GDP ratio constant, what must be the size of the primary surplus and the size of total budget surplus? Explain your answer. b. Suppose the interest rate paid on government debt were to decrease to...
Government outlays consist of Question 6 options: all governmental purchases resulting from contracts with the private...
Government outlays consist of Question 6 options: all governmental purchases resulting from contracts with the private sector and foreign organizations government purchases, transfer payments, and interest on the national debt government purchases and transfer payments minus the interest on the national debt total receipts from all organizations doing business with any level of government Question 7 (1 point) If tax revenue is $400 billion and outlays are $600 billion, then Question 7 options: there is a budget surplus of $200...
United States GDP per person was approximately $59,500 in 2017 [CIA World Factbook 2018]. Measured in...
United States GDP per person was approximately $59,500 in 2017 [CIA World Factbook 2018]. Measured in imilar dollars, Canada's GDP per person was approximately S48,300 in 2017 . Measured in a] In percentage terms, how much greater w as US GDP per person than Canadian GDP per person in 2017? Hint: employ the following formula: Percentage difference-((US value-Canadian valueycanadian value) x 100% b] Assume US GDP per person grows 2 percent per year over the subsequent 100 years, while Canadian...
Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $4...
Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $4 trillion while raising only $3 trillion worth of taxes.(a) What will be the government’s deficit? _________(b) If the government finances the deficit by issuing bonds, what amount of bonds will it issue? _________(c) At a 4 percent rate of interest, how much interest will the government pay each year? _________(d) Add the interest payment to the government’s $4 trillion expenditures for the next year,...
12. What is the expected future trend of the debt to GDP ratio? A) There are too many unknown variables to make a prediction B) Ratio will remain stable C) Ratio will decrease slightly D) Ratio will increase greatly 9. U.S government spending on Social Security, defense, Medicare and Medicaid makes up approximately % of government spending A) 25 B) 33 C) 50 D) 63
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)...
1. GDP - annual debt
2. government spending - tax revenue >0
3.government spending - tax revenue <0
4. annual debt/GDP
5 annual deficit/GDP
6. total debt - debt held by us households and institutions
==================================================
A budget deficit is government spending in excess of what?
A.. tax revenues
B. real GDP
C. household spending
D. consumption
================================================
What would happen to the cyclical deficit if the GDP growth rate
jumped from 2 percent to 4 percent?
A.decrease in deficit...
United States GDP per person was approximately $59,500 in 2017 [CIA World Factbook 2018]. Measured in imilar dollars, Canada's GDP per person was approximately S48,300 in 2017 . Measured in a] In percentage terms, how much greater w as US GDP per person than Canadian GDP per person in 2017? Hint: employ the following formula: Percentage difference-((US value-Canadian valueycanadian value) x 100% b] Assume US GDP per person grows 2 percent per year over the subsequent 100 years, while Canadian...
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