A is when the amount of government expenditures is greater than its revenue. A budget deficit B budget surplus budget windfall D budget depression

Q: One of the three basic principles of a sound tax system is “fiscal adequacy”. Define this term,…

A: A nation's economy and national exchequer can benefit greatly from a sound tax system. The country's…

Q: Question: State the macroeconomic effects of budget deficit

A: Macroeconomy is that part of economics that deals with the economy as a whole. It covers the…

Q: 5 The largest source of government revenues is ________.   Select one: a. personal income taxes…

A: The question is asking to identify the largest source of government revenues among the given…

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: Which of the following is a source of Federal Revenue?     A. Personal Income Tax   B. Payroll Tax…

A: Federal Government makes expenditure and for meeting the needs of expenditures, federal government…

Q: The fiscal deficit of the government is $8700 million and the interest payments made by the…

A: In the above given question, we are given with the values as:- Fiscal deficit = $8700 Interest…

Q: What are the main reasons/statistics that have encouraged the government to look at student debt…

A: The default rate is rising, and many graduates are struggling to repay their loans. Graduate…

Q: From the following data about a Government budget, find out (a) Revenue deficit, (b) Fiscal deficit,…

A: Formula used for the Calculations. Revenue deficit = Revenue Receipts - Revenue Expenditure. Fiscal…

Q: How does the government spend?

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: given                                                            Federal government expenditure…

Q: What are the main categories of U.S. federal government taxes?

A: Taxes are the major source of revenue of government. Government collects taxes from the public and…

Q: What are the effects of a tax cut on consumption and savings in the presence of credit market…

A: Ricardian equivalence claims that the consequences on the national economy of funding government…

Q: Which of the following is not a form of government revenue? a) b) Excise duties Relief grunts given…

A: The correct answer is: Option (b) Relief grants given to the poorRelief grants given to the poor are…

Q: Which of the following is NOT the revenue collected by the central government? a. Population grant…

A: In an economy, Central government makes its budget to determine the expected revenue and expenditure…

Q: The following table shows a monopolist’s demand curve and cost information for the production of its…

A: In case of a monopoly ,  The profit maximizing quantity is where MR is equal to MC or MR is just…

Q: 47. The federal government runs a budget surplus when Group of answer choices the economy is in a…

A: Budget surplus is the situation if excess reserves.

Q: Whenever the federal government spends more than it receives in tax revenue, then it is Select one:…

A: The Federal Budget refers to the comprehensive plan outlining the estimated revenues and…

Q: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…

A: The budget deficit = Government expenditure - Government revenue Primary deficit = Budget deficit -…

Q: Explain 2 alternative methods that you can think of to raise government finance other than borrowing…

A: Government expenditure is the amount that the country's government spends for the development of the…

Q: A deficit caused by an increase in government spending needed to offset reductions in consumption…

A: A budget refers to a prediction of revenue and expenditures for a certain time period that is…

Q: What finances the majority of federal spending? Explain your answer with the clear and supportive…

A: Government spending refers to the expenditure made by the government on national defense, education,…

Q: QUESTION 2 Monetary policy is: The amount of money available to consumers The amount of government…

A: Monetary policy is a policy which is used by the government to influence the supply of money to…

Q: Review/main features of current federal budget

A: The federal budget shows the estimated expenditure and revenue of the U.S. government in a fiscal…

Q: What are the main categories of government spending? What are the main categories of government…

A: Government spending is the fund spend by the government on the various sector of society. It has the…

Q: A regressive tax A. ​imposes a greater burden on those with higher incomes than on those with lower…

A: A regressive tax is the tax based on income.  The regressive tax is inversely proportional to…

Q: 6. Taxes where high income households pay a higher percentage of their income in taxes than low…

A: A tax is a charge being levied by any government upon an individual or an organization for…

Q: cial utive

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

Q: A government is considering reducing the amount of taxes it collects from its citizens each year.…

A: The term "taxes" refers to the obligatory fees that the government imposes on its inhabitants. These…

Q: 2. What are the budget revenues for a government to finance government spending?

A: The government as an economic agent would result in the income of the government to finance the…

Q: Determine whether the following government actions are discretionary or nondiscretionary spending.…

A: Discretionary fiscal policy is a policy action aimed at stabilizing the business cycle. Non…

Q: houses savng 300   bus savng 400   gov purchase 1000   gov transfer and interest pay 500…

A: The major source of income for the government is tax. Tax can be considered as the contribution of…

Q: Deficit spending" refers to a situation where the government:  A. Spends borrowed funds B. Collects…

A: When tax revenue collected by the government is equal to government spending the situation is known…

Q: The two main categories of government revenue are: a. Income from Public Secior Bodies and…

A: In the context of governmental operations and financial rules, the questions you submitted deal with…

Q: Using the budget data below, calculate the debt-to-GDP ratio as of December 31, 2020 (Round your…

A: The Debt-to-GDP ratio is a tool that compares a country's total debt to its GDP. It is computed by…

Q: Changing Budget Priorities) What spending category claimed the largest share of federal outlays…

A: When an unregulated market fails to allocate resources efficiently then this situation is known as a…

Q: 15. What is unemployment? Explain various types of unemployment.

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

Q: The largest single portion of the federal budget is devoted to A. interest payments on the…

A: Federal budget is divided into various uses, rnaging from education and Medicare to social security…

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: Why are sales taxes considered regressive?

A: Regressive tax system: A regressive tax is a tax that takes a larger percentage of income from…

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: The federal government's use of taxation and spending policies to stabilize the economy is APhysical…

A: The charge which is being levied being imposed upon a legal entity or individual for funding…

Q: 5 The largest source of government revenues is ________.   Select one: a. personal income taxes…

A: The question is asking to identify the largest source of government revenues among the given…

Q: Which of the following statements about state budget is wrong? a. Budget may be annual or biennial…

A: In an economy, government budget plays a significant impact on the overall growth and development of…

Q: Government collects the largest percentage of its revenue in which of the following ways?

A: Taxes refer to the monetary payment made to the government of a nation on the purchase or sale of…

Q: what role does taxation and budget process play in government decisions?

A: The budget process is a very essential aspect of the decision-making process of the government.…