6) A budget deficit occurs when a nationNo answer text provided.OC) has no national debts.OD) spends more than it takes in from taxes.OA) reduces its expenditures.OB) receives excess taxes.

A budget deficit is a financial situation that occurs when an entity spends more money than it takes…

Answered: 6) A budget deficit occurs when a…

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter12: Federal Budgets And Public Policy

Section: Chapter Questions

Problem 4.10P

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2. Which of the following would not reduce the budget deficit or would notincrease the budget surplus?a. Raising income taxesb. Switching from direct expenditures to tax expendituresc. Selling the Parliamentary buildingsd. Cutting social security payments
. The government budget has a revenue deficit. 'T'his gets financed by: (A) Borrowing (B) Disinvestment (C) Tax revenue (D) Indirect taxes (a) A and D (b) C and D (c) A and B (d) C and D
Suppose that the economy is in a recession as a result of a fall in investment spending and real GDP is below potential GDP. (a) Illustrate this on an aggregate demand in ation diagram. (b) When real GDP falls, what happens to tax revenue, government spending, and the budget balance? (c) If a balanced budget amendment were in place, what would have to happen to government spending and/or taxes? Illustrate on the diagram. (d) Is it wise to allow the government to run a de cit during a recession and a surplus during an expansion?
Please show full solution
i) Calculate total government expenditures. ii)Calculate total government spending. iii)Is the government running a surplus, deficit, or a balanced budget?
In a government budget the total expenditure is $64,000 billion and a total receipt excluding the borrowing is it $19,000 how much it is the fiscal deficit
1
5 Which one of the following statements regarding fiscal policy and the budget is correct?(a) When the government plans to stimulate economic activity, it can increasespending or reduce taxes;(b) Revenue from tax is always greater than government spending in SouthAfrica;(c) Demand management only refers to fiscal policy;(d) A contractionary fiscal policy should be implemented to combatunemployment
Only typed Answer
The government budget is in DEFICIT when OT G-Transfers (TR) - Interest on the Debt (INT) 0 Government expenditures (G) - Investment expenditures (I) 0
component of the budget. 3ldentify the impact that each of the following changes in fiscal policy would have on the level of economic growth. a) A reduction in the budget deficit from $200 billion last year to $150 billion this year b) An unchanged budget surplus of $12 billion last year and this year c) A shift from a $15 billion deficit last year to a balanced budget this year. PrtScn F8 Home F9 F7 F6 F5 近

Define government budget in not more than 3 lines

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6) A budget deficit occurs when a nation No answer text provided. OC) has no national debts. OD) spends more than it takes in from taxes. OA) reduces its expenditures. OB) receives excess taxes.