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61. Why does the federal debt tend to increase during recessions? A. Economic activity decreases, which...
hello, please need help in 25 minutes Question 12 Why does the federal debt tend to...
hello, please need help in 25 minutes
Question 12 Why does the federal debt tend to increase during periods of recession? O Economic activity increases, which increases revenues and decreases outlays. O Economic activity decreases, which decreases revenues and decreases outlays. O Economic activity increases, which decreases revenues and increases outlays. Economic activity increases, which increases revenues and increases outlays O Economic activity decreases, which decreases revenues and increases outlays. D Question 19 The failure to make required payments on...
2. Budget balances and the national debt The following table lists federal outlays, revenues, and GDP...
2. Budget balances and the national debt The following table lists federal outlays, revenues, and GDP for the U.S. economy during several years. Revenues (Billions of dollars) 2,025 Outlays (Billions of dollars) GDP (Billions of dollars) Year 2000 1,789 9,817 2001 1,991 10,128 1,853 10,470 2002 2003 1,863 2,011 2,160 2,293 1,783 10,961 2004 1,880 11,686 Plot the data for revenues and outlays as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple...
10. Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP...
10. Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP for a hypothetical economy during several years. Year Expenditures (Billions of dollars) 1,653 GDP (Billions of dollars) 8,747 1998 2000 Revenues (Billions of dollars) 1,722 2,025 1,853 1,880 2,407 1,789 2002 2,011 9,817 10,470 11,686 13,178 2004 2,293 2,655 2006 Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple...
2) During a Recession, the MPC tends to a) Increase, increases b) Decrease, decreases c) Decrease,...
2) During a Recession, the MPC tends to a) Increase, increases b) Decrease, decreases c) Decrease, increases d Increase, decreases which the recessionary gap 3) Suppose that the MPC is .75 and the U.S Federal Government reduces taxes by 10 million dollars. After 3 rounds of the multiplier process RGDP will change by a) 4.23 million b) 17.34 million c) 23.13 million dollars. d) 30 million 4) "George W. Bush's $152 billion tax rebate plan of 2008 was designed to...
1) You are hired by the Council of Economic Advisors (CEA) as an economic consultant. The...
1) You are hired by the Council of Economic Advisors (CEA) as an economic consultant. The chairperson of the CEA tells you that she believes the current unemployment rate is too high. The unemployment rate can be reduced if aggregate output increases. She wants to know what policy to pursue to increase aggregate output by $300 billion. The best estimate she has for the MPC is 0.8. Which of the following policies should you recommend? a) Reduce taxes by $75...
1.) Which of the following is an example of a timing problem with enacting fiscal policy?...
1.) Which of the following is an example of a timing problem with enacting fiscal policy? Since most people increasing their savings when their income rises, the tax multiplier is likely to be smaller than originally thought. Once the government increases spending, it is difficult to decrease spending in the future Democrats want to pass a spending bill, but Republicans do not. They argue for months in the House of Representatives prior to a modified bill being passed. the Federal...
Lecture 10 Suppose the fictitious country of Islandia begins fiscal year 1 with no public debt....
Lecture 10 Suppose the fictitious country of Islandia begins fiscal year 1 with no public debt. The tax revenues and government expenditures for the next five years are shown in the table below. Instructions: In parts a and b, enter your answers as whole numbers. In part c, round your answer to 1 decimal place. Enter a positive number for a surplus and a negative number for a deficit (debt). Tax Revenues. Expenditures, a. Calculate the deficit or surplus for...
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity,...
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. Federal Government's Budget Plan for Fiscal Year ($billion) REVENUES OUTLAYS Personal income taxes $110 Transfers to persons $45 Corporate income taxes 24 Spending grants to other levels of government 48 Other income taxes 1 Public debt charges 31 GST and excise...
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)...
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...
hello, please need help in 25 minutes
Question 12 Why does the federal debt tend to increase during periods of recession? O Economic activity increases, which increases revenues and decreases outlays. O Economic activity decreases, which decreases revenues and decreases outlays. O Economic activity increases, which decreases revenues and increases outlays. Economic activity increases, which increases revenues and increases outlays O Economic activity decreases, which decreases revenues and increases outlays. D Question 19 The failure to make required payments on...
2. Budget balances and the national debt The following table lists federal outlays, revenues, and GDP for the U.S. economy during several years. Revenues (Billions of dollars) 2,025 Outlays (Billions of dollars) GDP (Billions of dollars) Year 2000 1,789 9,817 2001 1,991 10,128 1,853 10,470 2002 2003 1,863 2,011 2,160 2,293 1,783 10,961 2004 1,880 11,686 Plot the data for revenues and outlays as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple...
10. Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP for a hypothetical economy during several years. Year Expenditures (Billions of dollars) 1,653 GDP (Billions of dollars) 8,747 1998 2000 Revenues (Billions of dollars) 1,722 2,025 1,853 1,880 2,407 1,789 2002 2,011 9,817 10,470 11,686 13,178 2004 2,293 2,655 2006 Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple...
2) During a Recession, the MPC tends to a) Increase, increases b) Decrease, decreases c) Decrease, increases d Increase, decreases which the recessionary gap 3) Suppose that the MPC is .75 and the U.S Federal Government reduces taxes by 10 million dollars. After 3 rounds of the multiplier process RGDP will change by a) 4.23 million b) 17.34 million c) 23.13 million dollars. d) 30 million 4) "George W. Bush's $152 billion tax rebate plan of 2008 was designed to...
Lecture 10 Suppose the fictitious country of Islandia begins fiscal year 1 with no public debt. The tax revenues and government expenditures for the next five years are shown in the table below. Instructions: In parts a and b, enter your answers as whole numbers. In part c, round your answer to 1 decimal place. Enter a positive number for a surplus and a negative number for a deficit (debt). Tax Revenues. Expenditures, a. Calculate the deficit or surplus for...
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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