In year one government taxes are 560,000 and government spending is 600,000 in year two government taxes are 690,000 and government spending is 610,000 in year three government taxes are 600,000 and government spending is 630,000. What is the government deficit or surplus for year two. What is the size of the government debt or surplus at the end of all three years.

Q: following is not regarded as part of fiscal policy Select one: a. Increased taxation b. Decreased…

A: Fiscal policy is a policy through which a government, in turn, adjusts its rates of taxation and…

Q: The table below presents the tax revenue and spending for the government over five years. Government…

A: Budget surplus occurs when estimated government revenue exceeds the government expenditure. Budget…

Q: Given below is information about government income and expenditures: Taxes $50,000 $7,000 $8,000…

A: Given; Taxes= $50000 Government transfer to households= $7000 Interest paid on government debt=…

Q: 14. What is the agency responsible for collecting taxes at the O the Federal Tax Office the…

A: The agency responsible for collecting taxes at the federal level is the Internal Revenue Service.

Q: in a government budget, revenue deficit is $50,000 and borrowing are $75000.  How much is the fiscal…

A: If the government goes over its budget and spends more than what it actually receives as revenue,…

Q: i) Calculate total government expenditures. ii)Calculate total government spending. iii)Is the…

A: Government expenditure and spending are one and the same thing. Government expenditure = Government…

Q: Question 8 What is meant by the "National Debt?" Explain why the "National Debt" has been both…

A: 8) National debt implies the loans or borrowings by the government of the country. It can be owed to…

Q: A government starts off with a to year two, the government runs a hat is the total deht of the…

A: Consider a situation  when starts off with a total debt of $3.5 billion . In year 1 - the government…

Q: Contrast government debt with budget deficit or surplus

A: Budget deficit is the government expenditure dominating the government revenue in budget for a given…

Q: In the context of fiscal policy and its impact on national debt, consider a government that decides…

A: Fiscal policy is when the government uses spending and taxation to influence the economy.There are…

Q: As per the government budget, the interest payments are estimated at $10,000 which is 40% of the…

A: The information being given is:- Interest payment = 10,000 This is the 40% value of primary deficit…

Q: 3*********************   3)List the five most powerful changes to fiscal policy that you would…

A: Fiscal reform refers to changes or adjustments made to a country's fiscal policies, which involve…

Q: Calculate the value of total receipts if Total expenditure is $320 million and the budgetary deficit…

A: The information being given to us is as follows:- Total expenditure = $320 million Budgetary deficit…

Q: If the government runs a budget deficit, it means that there is an excess of government spending…

A: The government is a sector of the economy. It works for the welfare of the people.  It collects…

Q: In a government budget the total expenditure is $64,000 billion and a total receipt excluding the…

A:

Q: Find the primary deficit when the fiscal deficit is $2100 and the interest on payment are $1500

A: Generally in the given question, Fiscal deficit is given as = $2100 The interest on payment stated…

Q: Discuss one likely affect of fiscal policy financed via the accumulation of additional government…

A: Fiscal policy is related to government spending and use of taxes as well as subsidies for the…

Q: A government finances all of its debt through 1-year treasury bonds. This government is able to…

A: The debt-to-GDP ratio is the percentage of a country's debt to its GDP. It is used to measure a…

Q: What is your deficit in your third year of college? $ S How much debt do you have that year? $ S

A: Deficit indicates the excess of spending over earnings.

Q: government starts off with a total debt of $4.0 billion. In year one, the government runs a deficit…

A: Government debt at the end of year 3 would be given as the sum of all three years of deficit or…

Q: The table below presents the tax revenue and government expenditures for a local government.…

A: A budget surplus refers to the excess tax revenue generated over government expenditure. A budget…

Q: Calculate the value of fiscal deficit if primary deficit is $420 million and interest payments is…

A: (Q) Calculate the value of fiscal deficit if the primary deficit is $420 million and interest…

Q: Year  Government Purchases  Government Taxes  Real GDP 1 317 238 5,658 2 382 207 5,697 Suppose there…

A: The public deficit refers to the excess of government expenditure over its revenue. Public deficit…

Q: Assume that the total federal debt is equal to $3 trillion.  Suppose now that the government runs a…

A: A budget deficit is a negative balance of budget that occurs when the government expenditures…

Q: Consider this data on the 2017 state budget for Alabama. What were the two largest components of…

A: Consider this data on the 2017 state budget for Alabama. What were the two largest components of…

Q: xplain and analyse the difference between direct and indirect taxation AND evaluate the view that…

A: Taxation is the cycle by which governments gather funds from people, businesses, and different…

Q: Calculate the value of fiscal deficit given the interest payments equal to $500 million and the…

A: The information given to us is as follows:- Borrowings of the government = $5000 million Interest…

Q: Government Tax Revenues Spending $ 450 Year GDP 1 $ 425 $ 2,000 2 500 450 3,000 3 600 500 4,000 4…

A: Government planned their Budget , one part is revenue and one part is expenditure , so here we…

Q: What are some fiscal policy measures that can be enacted by the legislative and executive branches…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: the beginning of the year, the economy has public debt (or national debt) of $470 million. This…

A: Public saving = tax revenue - government outlay Since, government outlays are the expenditure made…

Q: The crowding-out effect of expansionary fiscal policy suggests that Multiple Choice government…

A: Crowding out effect is that when government borrow money from public then the loanable fund supply…

Q: Is it possible for a country to have a headline fiscal deficit and a primary fiscal surplus? Explain…

A: In an economy, headline fiscal deficit is the government over expenditure when receipts are less…

Q: Find the fiscal deficit if the primary deficit is 760 and the interest payments are 120

A: Actually in the question, Primary deficit is given as = 760 Interest payment are = 120 Fiscal…

Q: (i) Explain the difference between the headline fiscal deficit and the primary fiscal deficit. Which…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Calculate the value of primary deficit when the borrowing of the government are $45,000 and the…

A: # Borrowings of the government excluding the interest payments gives the value of primary deficit.

Q: 9. An uncapped dollar-for-dollar federal matching grant may be mor efficient than a federal block…

A: Uncapped means not covered as with a cap and matchings grants in the simplest terms are grants that…

Q: which of the following statements are true , give reason why the others are false 1. When the…

A: In a market, different types of taxes are imposed in different markets for different commodities…

Q: still make all interest payments? r

A: *Answer:  The debt-to-GDP ratio is the percentage of a country's debt to its GDP. It is used to…

Q: Define Taxation What is Income tax What is a value-added tax What is Sales tax What is an excise…

A: Taxation is the practice of levying fees on people or entities in order to raise money for the…

Q: Given the fiscal deficit of the government to be $47,000 and the total receipts of government…

A: The data presented in the question above is:- Fiscal deficit of government = $47,000 Total receipts…

Q: Define government budget in not more than 3 lines

A: As to run a family, households have proper budgets for their expenses and income similarly to run…

Q: We are given that the Borrowings are $15000 and the interest are $6000  Calculate the fiscal…

A: # The borrowings of the government represents the fiscal deficit of the government because it is…

Q: Explain fully the meaning of fiscal autonomy and how local government units raise revenues to…

A: The term fiscal autonomy refers to the freedom to collect revenue, apply local taxes, take financial…

Q: 3. Write a short essay (around 2 pages without tables/figures, at most 4 with tables/figures)…

A: The state came to be Colorado, which is a state in the western USA.