houses savng 300   bus savng 400   gov purchase 1000   gov transfer and interest pay 500   gov tax collection 1300   GDP 5000   what is fiscal deficit?

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

Why is government spending typically measured as a percentage of GDP rather than in nominal dollars?

What is the standardized employment budget?

Debt has a certain self-reinforcing quality to it. There is one category of government spending that automatically Increases along with the federal debt. What Is It?

Do you agree or disagree with this statement: It is in the best interest of our economy for Congress and the President to run a balanced budget each year. Explain your answer.

What must take place for the government to run deficits without any crowding out?

Excise taxes on tobacco and alcohol and state sales taxes are often criticized for being regressive. Although everyone pays the same rate regardless of Income, why might this be so?

Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending by the University of Illinois is not fiscal policy? Why is a cut in the payroll tax fiscal policy whereas a cut in a state income tax is not fiscal policy?

Under what general macroeconomic circumstances might a government use expansionary fiscal policy? When might it use contractionary fiscal policy?