Government tax revenue is $500,000,000. It's spending is $575,000,000. Is the government running a surplus, a balanced budget, or a deficit? If it is not running a balanced budget, how large is the imbalance?
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Financial Accounting
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- 1) Fiscal policy refers to a) making changes in private expenditures as a result of changes in government spending. b) making changes in the quantity of money to achieve particular economic goals. c) efforts to balance a government's budget. d) making changes to government budgets to achieve particular economic goals. 2) The economy suffers a positive supply shock. As a result, in the short run Real GDP will and the price level will a) fall; fall b) fall; rise c) fall; remain constant d) rise; fall 3) A change in Real GDP in the short run can be brought about by a change in a) labor productivity. b) wealth. c) All of the options available d) the exchange rate. 4) An expansionary fiscal policy will a) never result in a budget surplus. b) always result in a budget deficit. c) sometimes result in a budget deficit. d) always result in a budget surplus.Please Solve This One2. Which of the following is a fiscal policy that would increase aggregate demand in the short-run? (A) A decrease in personal income taxes (B) A decrease in government spending (C) An increase in corporate income taxes (D) A purchase of government bonds by the Federal Reserve
- 8) A balanced budget occurs when a) transfer payments equal tax revenues. b) a budget deficit during one year is matched by a budget surplus in the next year. c) government expenditures equal tax revenues. d) the national debt is reduced to zero dollars. 9) The interest rate effect is one of the a) shifters of an AD curve. b.) reasons why a short-run aggregate supply curve can be derived. c) reasons why an AD curve is downward-sloping. d) shifters of a short-run aggregate supply curve. 10) The real balance effect explains the change in a) the output producers produce as they attempt to balance their production in response to changes in consumers' demand. b) the value of physical assets (e.g., houses) that results from a change in the price level. c) the real wealth that results from a change in the amount of income earned. d) the real wealth that results from a change in the price level.Briefly explain whether each of the following statements is true or false. 1. An increase in government expenditure financed by borrowing (running a larger budget deficit) necessarily leads GDP to rise by more than the increase in gov- ernment expenditure according to the IS-LM model.135. The information below is taken from a government’s budget. Programmes = 75 Compensation = 55 Interest Payments = 25 Capital Expenditure = 35 Amortisation = 15 Income/Profits Taxes = 50 Value Added Taxes = 60 Import Duties = 45 User Fees = 15 How much is the primary balance? Select one: a. 45 b. −20 c. 25 d. −30 e. 5
- Get AnswerAnswer this question İn some organizations (firms, universities, government agencies), spending appears to increase as the end of the budgeting period approaches, even if there are no seasonal differences. What might cause this? (A). "Our cash budget shows a surplus for the quarter, so we do not have to think about arranging any bank financing." Comment on this statement. (B). Accrual accounting is preferable to cash flow accounting because the information is more relevant to all users of financial statements. Discuss and answer the questionWhat is a federal budget deficit or surplus? How does this affectinterest rates?
- Suppose the government has a unified net income of$70biltion, but was supposed to deposit$180bilion in the Social Security trust fund. What was the on budget surplus or defici? Explain Select the correct choice below and fil in the answer box to complete your answer A. The on budget defict was 5 bilion because the government had excess income and even more money in the trust fund, al going towards the on budget portion B. The on-budgel surphs was 5 balion because the government underspent its unified net income on Social Security. C. The on-budget deficit wassbillion because the government overspent its unified net inconte on Social Security D. The on-budget surplus was$bilion because the government had oxcess money remaining for Social Security.If the Fed sold $6 billion in government securities and the public deposited $3billion in their bank account, by how much would the monetary base change?Suppose a government starts spending less than it receives in tax revenue each year. All else equal, this action would cause the net present value of firms' projects to do what: a. Increase b. Decrease c. Change uncertainly d. Not change
