Based on what we observed in the module on public finance, select all true statements. O The largest decline of the real net debt for the Canadian federal government happened around 2000. Among the OECD countries, the Canadian government (all governments) is among the most indebted countries (above the median), if debt is measured by the gross debt as a percentage of GDP. O Over the 1960-2020 period, the main source of revenue for all governments shifted from income taxes to taxes on production and imports. O None of the above

Based on what we observed in the module on public finance, select all true statements. O The largest decline of the real net debt for the Canadian federal government happened around 2000. Among the OECD countries, the Canadian government (all governments) is among the most indebted countries (above the median), if debt is measured by the gross debt as a percentage of GDP. O Over the 1960-2020 period, the main source of revenue for all governments shifted from income taxes to taxes on production and imports. O None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

In discussing debt growth the article Debt - What Is and Should Never Be, found that by each seceding decade from 1950 the ratio of increase in Debt and increase in GDP: a) Was fairly constant over the time discussed b) Increased in each succeeding decade Oc) There was no relationship of the growth in debt to the growth in GDP ratio over time d) The Debt to GDP ratio fell
Hand written asap...solve 20 mins..i'll upvote..
Suppose that the existing stock of debt in Outland is $500500 billion, and the government expects to collect $184184 billion as net tax revenues. If the interest rate in this economy is 11 percent and the government wants to decrease its existing stock of debt by $4040 billion this year, then what should the government run this year?
For each of the following scenarios, determine which time lag is most likely to result when designing and implementing fiscal policy. a. The separation of power demonstrated between the legislative and executive branches of government combined with strong partisanship attitude among our elected politicians. . . . . b. The fact that it takes economists working for the National Bureau of Economic Research months to declare the dates of peaks and troughs. . . . Recognition lag Legislative lag Implementation lag All of these lags c. The time it takes to design and build new infrastructure after these projects have been passed by the legislature. Recognition lag • Legislative lag . Implementation lag All of these lags . Recognition lag Legislative lag Implementation lag . All of these lags
Consider the following data: 2010 2011 G 13.0 13.2 TR 8.3 8.4 INT 0.4 0.4 T 20.8 21.1 Y 89.2 93.3 In the table, G is government purchases, TR is transfers, INT is net interest payments, T is tax revenues, and Y is nominal GDP. The numbers are in billions of dollars. By how much did the government debt change between 2011 and 2010? (Please provide your answer in billions of dollars, i.e., if your answer is 1.57 billion dollars, then type in “1.57”; if the change is negative, type “-1.57")
Year Government Purchases Government Taxes Real GDP 1 400 247 5,812 2 434 203 5,898 Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public debt as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.
The table below shows hypothectical figures of revenue and spending for the Canadian government. For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes. GST and excise taxes EI premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $95 36 5 47 13 17 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus Other revenues Total Revenues 213 a. The projected NTR in this budget plan is $ b. The value of NTR less government spending on goods and services (G) is $ billion. billion. $42 36 31 100 209 4
Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal government then runs a deficit of $100 billion. What is the new level of gross national debt? If 100 percent of this deficit is financed by the sale of securities to the public, what happens to the level of debt held by the public? What happens to the level of gross deb
The government budget constant for an economy is given below: G + TRị + rDt-1-7; = D¿ – Di-1 where G = government spending, TR is transfer payments, rD;-1 is interest payments on public debt, T is tax revenue and D is the stock of public debt. According to the government budget constraint in what way (or ways) can government expenditures be funded? O a. by a combination of tax revenue and borrowing from the public O b. by printing money O c. by tax revenue O d. by borrowing from the public O e. by borrowing from the central bank
Suppose that in 2012 the government collected $320 billion in revenue and spent $380 billion, while in 2013 the government revenue increased to $350 billion and its spending fell to $330 billion. If the government had a debt of $600 billion at the beginning of 2012, how much debt would it have by the end of 2013? Select one: a. $620 billion b. $640 billion c. $650 billion d. $660 billion e. $680 billion