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 totalexpenditures 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 thedeficit change between 1987 and 2017 (30 years)? Use your answers from theprevious exercise.

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Answered: 3. In FY 2017 (the fiscal year 2017 is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1. The public choice perspective on deficit spending suggests that deficit spending - is the result of politicians' concern for the economy's long‑term sucess. - shifts the costs of programs primarily onto present‑day taxpayers. - shifts the costs of programs away from current taxpayers and onto future generations. - is primarily funded by printing money to induce inflation. 2. If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? - invest in infrastructure - cut spending equal to the reduction in tax revenue - cut taxes to encourage consumer spending - increase government spending to stimulate the economy 3. What is a likely consequence of this policy? - The negative consequences of the recession are magnified. - Consumer spending increases due to their ability to keep more of their after-tax income. - Unemployment falls due to the economic…
2. Federal deficits, surpluses, and the national debt Select the correct term for each of the following definitions in the table. Definitions National debt minus all government interagency borrowing The portion of the national debt owed to a nation's own citizens Budget outline approved by Congress that sets target levels for spending, tax revenues, and the budget deficit or sur The official title for the proposed budget submitted to Congress by the president The total amount owed by the federal government to owners of government securities Terms
One objection to deficit spending is that it increases the demand for loanable funds thereby putting upward pressure on interest rates that crowds out private investment spending thereby lowering future U.S. growth. (1) What is the general level of interest rates in 2020?
3 Fiscal Policy and how it can be implemented in a recessionary gap. Recently, COVID-19 has resulted in many government officials issuing executive orders to shelter in place as a way to fight surge in COVID-19 cases, except for those working in industries that provide essential needs. How might this impact the nation’s productivity, and what can the government do in response?
14. . The federal government runs a budget deficit when: it buys back more bonds than it issues. it spends less than it receives in tax revenues. it spends more than it receives in tax revenues. the economy is growing rapidly.
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
3. Discussion questions 1. Why does the United States enforce the legal limit on how much money the federal government can borrow? 2. The U.S. Federal Reserve is independent from the government. Do you think this independence exacerbates or helps to mitigate the budgetary problems of the federal government? 3. Is there any risk of printing more dollars to help finance the federal debt? Explain. 4. How is the national debt affected by a government budget surplus? Why isn't this always a feasible solution to reducing the national debt? To complete this assignment, select the following radio button. I have read the discussion questions on this page and am finished with this analysis.
Use the table to answer three questions. Budget Total (in Billions of Dollars) Revenues 2,407 2,568 2,524 2,105 2,162 2,303 2,450 2,775 Outlays 2,655 2,729 2,983 3,518 3,456 3,603 3,537 3,455 Surplus (deficit) -248 -161 -459 -1,413 -1,294 -1,300 -1,087 -680 1 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 From 2016 to 2020 by how much did each of the following change? Instructions: Enter your responses as a whole number. a. Tax revenues b. Government spending (outlays) c. Budget deficit 24 FI 2 - -- F2 Q Search 4 # 3 F3 4) $ 54 billion billion billion 1 F4 DII % 5 F5 PrtScn 2019 2020 F8 * 8 Home F9 9 End F10
Mcq question give fast answers In 2021 ABC government has a nominal budget deficit of $1000 billions with inflation rate 3%, and the federal debt at the begining of 2021 is $30 trillion (1 trillion=1000 billions). Then the real budget deficit for ABC in 2020 is $1900 $900 $300 $100
7. Study Questions and Problems #7 Suppose the federal government has no national debt and spends $200 billion, while raising only $50 billion in taxes. To finance the deficit, the U.S. Treasury must issue S billion in government bonds. Next year, assume tax revenues remain at $50 billion, and government spending remains $200 billion plus the interest payment it makes on the government bonds issued to finance the deficit in the first year. If the government pays a 10% rate of interest, the debt-servicing interest payment that needs to be added to the government's $200 billion expenditure for goods and services in the second year is S billion. Then the deficit in the second year is S is $ billion. billion, the amount of new debt issued is 5 billion, and the new national debt
12. The national debt in the current year is equal to the national debt at the beginning of the year minus the annual budget deficit. a. b. equal to the national debt at the end of the year plus the annual budget deficit. equal to the national debt at the beginning of the year plus the annual budget deficit. C. d. none of the above. H. I
Explain how a budget deficit arises and what actions governments must take in this circumstance and how does the budget deficit relates to the national debt, use examples, please!

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