A government budget surplus is __________. Question 22 options:     a situation in which the amount spent by the government is greater than the amount collected in taxes       a situation in which the supply of goods in the economy is greater than the demand for goods       the public debt       an excess of revenues over government spending

Q: What is the relationship between a budget deficit and the national debt? A budget deficit adds to…

A: A budget deficit is the excess of government spending over government taxes.  i.e., Budget deficit =…

Q: Given below is information about government income and expenditures: Taxes $50,000 $7,000 $8,000…

A: Given; Taxes= $50000 Government transfer to households= $7000 Interest paid on government debt=…

Q: A tax on demand shifts ________________ , and the burden of the tax falls on _______________.…

A: Taxes are the amount charged by the government inorder to maintain the economic value of the…

Q: ncrease transfer payments B) increase government purc ncrease consumption taxes D) increase interest…

A: ​As per general equilibrium models in contemporary macroeconomics, expansionary fiscal policy could…

Q: Assertion: A balanced budget, where government revenues equal expenditures, is always the most…

A: The challenge here is to evaluate the explanation that a good fiscal policy that receives equal…

Q: If the effects of expansionary fiscal policy are delayed by recognition, implementation and impact…

A: Expansionary fiscal policy refers to the one that is implement to stimulate aggregate demand to…

Q: QUESTION 3 Tax is a source of revenue to the government. The imposition of tax by the government is…

A: (a) National income = C+I+G yd= I-Tyd=$10-$20yd= -$10 millionY=C+I+GY=20+0.9(-10)…

Q: Discuss the consequence of a rise in direct taxes to the economy as a whole

A: Taxes: The direct tax included the income tax that is levied on the income of an individual. Income…

Q: During a recession, the government decides to give an additional child tax credit to households of…

A: Recession occurs when there is a fall in the aggregate demand in the economy. The fall in the…

Q: In which case will the government collect more tax revenue if tax revenue is tax rate multiplies…

A: Tax revenue refers to the income collected by the government from various forms of taxes. This…

Q: If government spending is greater than the taxes that the government collects then there is a budget…

A: Government spending refers to the money spent by the government on the acquisition of goods and…

Q: xplain and analyse the difference between direct and indirect taxation AND evaluate the view that…

A: Taxation is the cycle by which governments gather funds from people, businesses, and different…

Q: When federal expenditures grow faster than tax revenues, the government will experience a(n)…

A: The budget deficit refers to economic condition where government expenditure is greater than…

Q: If taxes (T) increase, total expenditures decrease. In what direction does the demand curve shift?…

A: Aggregate demand (AD) is the sum total amount of commodities and services demanded in an economy at…

Q: (i) Explain the difference between the headline fiscal deficit and the primary fiscal deficit. Which…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 9. An uncapped dollar-for-dollar federal matching grant may be mor efficient than a federal block…

A: Uncapped means not covered as with a cap and matchings grants in the simplest terms are grants that…

Q: The price elasticity of demand for a monopolist product is-0.7. Advise the firm on its pricing…

A: The measure that depicts the percentage change in quantity being demanded with respect to change in…

Q: Debt, the total of a government’s financial obligations, measures what the state borrows from its…

A: Debt, the total of a government’s financial obligations, measures what the state borrows from its…

Q: Critically evaluate the impending rise of sales tax planned by the Japanese government and its…

A: The authorized (GDP) gross domestic product sculpture though was more diminutive than the 7.1% drop…

Q: evaluate the importance of spending reviews in the municipal budgeting process

A: Budgeting is the practise of calculating income and expenses in order to create a budget. The first…

Q: Explain how fiscal policy, monetary policy, and economic factors influence public budgeting. In what…

A: Macroeconomic unpredictability and uncertainty may have been caused by an assortment of internal as…

Q: explain how government grants may crowd out fundraising by charities and private donations in the…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Taxes on corporate income generate more revenuethan individual income taxes.True______ False______

A: The individual income tax is the largest source of revenue generation since 1950. It contributes…

Q: cial utive

A: The branch of federal government which must approve a budget is the legislative.

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the…

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per…

Q: In 2018, the Government of the Federated Republic of Coconut Islands had a budget surplus of $20…

A: Budget = Tax revenue - Government expenditure +20 = tax revenue -324 Tax revenue = 344

Q: Refer to the table below. During which years did the country have a budget surplus? Year Government…

A: When the government's revenue from taxation exceeds its spending for the quarter or fiscal year,…

Q: Question 10 Fiscal policy involves the manipulation of O federal government spending and tax…

A: Fiscal Policy makes use of adjusting government spending and taxation in order to achieve the…

Q: When real GDP equals potential GDP of $32 trillion, the budget surplus is $21 trillion. Real GDP…

A: The government runs a budget deficit when government spending is greater than tax revenue.  The…

Q: The tax rates embodied in the federal personal income tax are such that O a rising absolute amount,…

A: To collect money from people based on their incomes, the federal personal income tax system was…

Q: compared to federal spending state and local spending is A) almost twice as large B) about the…

A: Federal spending is considered the government spending on all the sectors and areas of the society…

Q: If the U.S. Congress passes a budget for this year that includes goverment spending of $5 trillion…

A: When the U.S. Congress passes a budget, it sets out how much money the authorities plans to spend on…

Q: 10) National bills must always be proposed by members of Congress.

A: Even though the idea of a bill can originate from anyone and anywhere and can take inspiration form…

Q: The table below presents the tax revenue and spending for the government over five years.…

A: Formula to calculate Budget amount:-                                             Budget Amount=TR-GS…

Q: Short answer question (1) Define fiscal deficit

A: # During a perticular fiscal year if the government's expenditure goes up in comparison to the total…

Q: List and distinguish the three major fiscal function

A: The employment of taxation and expenditure of the government to impact the economy is known as…

Q: A government's debt is reduced when it   Group of answer choices runs a surplus. runs a deficit.…

A: Macroeconomics refers to the branch of economics that studies the economy as a whole. Macroeconomics…

Q: Suppose a local government imposes a tax on sales of firewood. Before the tax, 20,000 bundles were…

A: A local government imposes a tax on the sales of firewood, resulting in changes in the quantity…

Q: Suppose the government decides to decrease taxes in an effort toincrease consumer spending and…

A: The government's decision to decrease taxes to stimulate consumer spending and investment is a…