1. Compare the federal budget deficit for 2016-2017 with the federal budget deficit for 2015-2016 The federal budget deficit in 2016-2017 is OA. $16.8 billion larger than the federal budget deficit in 2015-2016 OB. equal to the federal budget deficit in 2015-2016 plus additional public spending of $16.2 billion OC. $16.8 billion smaller than the federal budget deficit in 2015-2016 OD. almost the same as the federal budget deficit in 2015-2016 after including interest payments on the federal debt

1. Compare the federal budget deficit for 2016-2017 with the federal budget deficit for 2015-2016 The federal budget deficit in 2016-2017 is OA. $16.8 billion larger than the federal budget deficit in 2015-2016 OB. equal to the federal budget deficit in 2015-2016 plus additional public spending of $16.2 billion OC. $16.8 billion smaller than the federal budget deficit in 2015-2016 OD. almost the same as the federal budget deficit in 2015-2016 after including interest payments on the federal debt

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. Assume the following information for Nation XYZ: * National debt in 2005 was $150... in 2015 national debt was $375 GDP in 1990 was $125... in 2000 the GDP was $300 A. What was the average increase in debt for Nation XYZ between the years 2005 and 2015 B. What was the average annual budget deficit for Nation XYZ between the years 2005 and 2015 C. Compute the debt-to-GDP ration to Nation XYZ for both 2005 and 2015
6. The amount by which federal tax revenues exceed federal government expenditures during a particular year is the A. public debt. OB. budget deficit. O C. Federal Reserve. D. budget surplus.
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Please explain briefing how fiscal policy works, what spending multipliers are, when is the spending multiplier small or large, what policy and implementation lags affect the potency of fiscal policy, and what is the relationship between budget deficits and national public debt and their implications.
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Suppose the government's present value of current and projected future outlays is 75 percent of GDP and its present value of current and projected future revenues is 50 percent of GDP. What gap does this describe, and what is the size of the gap? This information describes the _______. A. fiscal gap, which is 25 percent of GDP B. generational gap, which is 25 percent of GDP C. fiscal gap, which is 125 percent of GDP D. fiscal gap, which is – 25 percent of GDP
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Refer to the figure below to answer the questions that follow. Surplus Deficit GOP, GDP, Real domestic output, GDP GOP, a. The cyclically adjusted budget measures what the federal deficit or surplus would be if the economy reached the of GDP. level O normal O equilibrium O full-employment O actual b. If the cyclically adjusted budget is balanced, then Govemment expendtures. G. and tax nevenues,
3. In FY 2017 (the fiscal year 2017 is from October 1, 2017 to September 30, 2018), the U.S. Federal Government had a total revenue of about $3.33 trillion and total expenditures of $4.11 trillion. The GDP for that year was $20.23 trillion. (a) How much was the federal deficit for FY 2017? (b) The national debt as of the end of FY 2016 was $20.245 trillion. Using (a), calculate the national debt as of the end of FY 2017. (c) Find the debt/GDP ratio at the end of FY 2017. (d) Find the deficit/GDP ratio for FY 2017. 4. In FY 1987, the national deficit was $155 billion. By what percentage did the deficit change between 1987 and 2017 (30 years)? Use your answers from the previous exercise.
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