If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit as a percentage of GDP?
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- If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit as a percentage of GDP?If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit as a percentage of GDP? I want answerGive me answer to this financial accounting Question
- What is the deficit as a percentage of GDP on these financial accounting question?Problem related to AccountingSuppose that an estimate of U.S. federal spending showed that 46% was for entitlements, 18% was for defense, 15% was for grants to states and localities, 14% was for interest on debt, 6% was for other federal operations, and 1% was for deposit insurance. Construct a pie chart to show this information.
- Financial AccountingIn 2018, the country X received: collected taxes in the amount of 35 million, customs fees amounted to 12 million, non-tax revenues to the budget amounted to 20 million. In the same year, the State purchased the public goods and services in the amount of 38.4 million, public transfers was 14.7 million, the interest on the national debt was payed in quantity of 17.6 million. Determine the state of the budget (in deficit, in balance, in surplus).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?
- The public debt is the sum of all previous: Budget surpluses minus the current budget deficit of the Federal government Budget deficits minus any budget surpluses of the Federal government Expenditures of the Federal government Budget deficits of the Federal governmentHow do amendments to government policies effect the fourth-quarter budget of an organization?We have the following information regarding the public budget of a given country for a given fiscal year (all amounts are expressed in euros): -Current revenues = 23,000 -Capital revenues= 3,450 -Capital expenditures = 5,500 -(Total) Current expenditures=45,000 -Interest payments of public debt =195 -Repayment of public debt= 15,000 -Sale of financial assets= 2,345 -Investment in financial assets= 135 Calculate then the following budget indicators: (i) Public deficit/surplus (ii) Primary deficit/surplus (iii) Debt issued (iv) Gross variation in the stock of debt (v) Net variation in the stock of debt