If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit as a percentage of GDP? Answer
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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? Answer
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- Need helpQuestion/Accounting / solveSuppose 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.
- What is a federal deficit? How is it managed?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 "sales tax-free" days impact our government?
- According to the Taylor rule, the Fed should raise the federal funds target by O A. 1 B. 1.5 C. .5 D. 2 percentage points for each percentage point that inflation rises relative to the Fed's target.Provide correct answer financial accounting questionWhen a government lowers taxes it is employing ________. A) fiscal policy B) monetary policy C) domestic policy D) the law of one price
- 1Please help with the attatched question showing how the answer was configured. than you in advanceThe following table lists federal outlays, revenues, and GDP for the US economy in several years. All numbers are in billions of dollars Year Revenues Outlays GDP 1948 41.6 29.8 269.2 1956 74.6 70.6 437.5 1964 112.6 118.5 663.6 1972 107.3 230.7 1.238.3 1980 517.1 590.9 2.789.5 1) In which years was the government's budget in deficit? a) 1956. b) 1972. c) 1964. d) 1980. 2) In 1964, did the national debt increase or decrease? By.how.much? a) 145 billion. b) 5.9 billion. c) 231 billion. In what ways do future generations benefit from this generation's deficit spending? Cite three examples.
