1. What is the difference between deficit and debt? 2. What is happening to the gross federal debt over time? 3. What years saw a very small increase in debt?

Q: What is likely to be the immediate effect on a country's national debt if the government decides to…

A: The issue includes understanding the effect of an expansion in government spending, without an…

Q: A government budget shows the primary deficit of 6100 billion the revenue expenditure on interest…

A:

Q: Of the two methods of reducing the deficit to zero-raising taxes or decreasing government…

A: For reducing the deficit to zero, increasing the tax rate, or decreasing government spending can…

Q: What are some the long run risks of large deficits and significant increases in the federal debt as…

A: When expenses outnumber revenues, imports outnumber exports, or liabilities outnumber assets, an…

Q: Explain how a budget deficit arises and what actions governments must take in this circumstance and…

A: A government budget is a paper prepared by the government and/or other political body that presents…

Q: How budget deficits and national debt are defined?

A: The budget deficits of government are a difference between the total spending of government and the…

Q: When governments run budget deficits, how do they make up the differences between tax revenue and…

A: A government budget is a statement of its planned expenditures and revenue receipts for a given time…