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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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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- 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 OneGet Answer
- 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?E10.1 (LO 1, 2), K Connie Rice has prepared the following list of statements about budgetary control. 1. Budget reports compare actual results with planned objectives. 2. All budget reports are prepared on a weekly basis. 3. Management uses budget reports to analyze differences between actual and planned results and to determine their causes. 4. As a result of analyzing budget reports, management may either take corrective action or modify future plans. 5. Budgetary control works best when a company has an informal reporting system. 6. The primary recipients of the sales report are the sales manager and the production supervisor. 7. The primary recipient of the scrap report is the production manager. 8. A static budget is a projection of budget data at a single level of activity. 9. Top management's reaction to unfavorable differences is not influenced by the materiality of the difference. 10. A static budget is not appropriate in evaluating a manager's effectiveness in controlling…
- Which one of the following statements is true about a balanced budget? Group of answer choices Revenues should be less than expenses Revenues and expenses should be equal Expenses should not be greater than revenues Zero-based method should be used every other yearWhich of the following fact regarding federal budget balance in Canada is TRUE? Multiple Choice the largest budget deficits happened in 1992. there was budget surplus between 1985 to 1995 there was budget surplus between 1975 to 1985 the largest budget deficits happened in 1985. the largest budget surplus happened in 2019.How do amendments to government policies effect the fourth-quarter budget of an organization?
- What revenue sources allow this budget to be balanced in each year? What revenue source will have the greatest impact on the budget? What assumptions have been made with respect to revenue sources? What two expenditures will have the greatest impact upon the budget?Social Security represents a large portion of the Federal budget, so it is often looked at as a candidate for revision by Congress. a) True b) FalseA federal deficit occurs when the government issues securities to the public stock prices of private companies decrease social security benefits given to citizens are reduced the government's expenses are greaterthan its tax revenues the money supply in the market decreases
