Last year the federal government spent 2000 on goods and services, while collecting tax revenues (net of transfers) of 1500. At the beginning of the year the government's outstanding debt held by the public was 10000 and the interest rate on that debt was 5%. During the year the monetary base rose by 300. During the year the debt held by the public (increased or decreased) A by (put a numerical value without dollar signs, commas, or decimals)

Last year the federal government spent 2000 on goods and services, while collecting tax revenues (net of transfers) of 1500. At the beginning of the year the government's outstanding debt held by the public was 10000 and the interest rate on that debt was 5%. During the year the monetary base rose by 300. During the year the debt held by the public (increased or decreased) A by (put a numerical value without dollar signs, commas, or decimals)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Characterize Reaganomics and its impact on the national economy. What effect did the economic program have on the federal deficit? How did President Reagan's views of the Soviet Union influence his foreign policy? Compare the Iran-contra scandal and the Watergate scandal. Many admired Reagan's communication skills, and some even called him "the great communicator." He often began his speeches with a heartwarming story or a joke. Compose a brief speech presenting your thoughts on the Reagan legacy, the facets of his administration that define his presidency.
3. Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP for the U.S. economy during several years. All numbers are in billions of dollars. Revenues Year (Billions of dollars) 1929 3.9 1948 1967 1986 2005 FEDERAL EXPENDITURES AND RE VENUES (Percent of GDP) 25 20 15 10 41.6 Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the orange points (square symbol) for expenditures and the green points (triangle symbol) for revenues. Line segments will automatically connect the points. 1929 148.8 769.2 2,153.9 Expenditures GDP (Billions of dollars) (Billions of dollars) 3.1 103.6 1948 29.8 157.5 990.4 2,472.2 1987 YEAR 1986 269.2 2005 832.6 4,462.8 12,421.9 Expenditures Δ Revenues ?
Use the table to answer three questions. Budget Total (in Billions of Dollars) Revenues 2,407 2,568 2,524 2,105 2,162 2,303 2,450 2,775 Outlays 2,655 2,729 2,983 3,518 3,456 3,603 3,537 3,455 Surplus (deficit) -248 -161 -459 -1,413 -1,294 -1,300 -1,087 -680 1 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 From 2016 to 2020 by how much did each of the following change? Instructions: Enter your responses as a whole number. a. Tax revenues b. Government spending (outlays) c. Budget deficit 24 FI 2 - -- F2 Q Search 4 # 3 F3 4) $ 54 billion billion billion 1 F4 DII % 5 F5 PrtScn 2019 2020 F8 * 8 Home F9 9 End F10
Jse the following information to answer the next 5 questions. Year 2008 2018 Nominal Debt 150 500 Nominal GDP 1,000 2,500 Price Level/GDP Deflator 150 200 The debt-to-GDP ratio in 2008 was_ and in 2018 was Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 0.15 ; 0.20 a b 0.30 ; 0.40 0.19; 0.38 d 0.10 ; 0.30
Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced Question: Determine the value of the government debt for the period 2018–2022.
Year Government Purchases Government Taxes Real GDP 1 400 247 5,812 2 434 203 5,898 Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public debt as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.
Calculate Fiscal deficit if:- Total expenditure = $330 million Revenue receipts = $110 million Disinvestment proceeds = $60 million
G.241.
Ch 17- Budget balances The graph, questions seen in photo, and the question in italics are what I need help with, thanks! In 1967, the national debt (increased or decreased) by ( how many billion dollars).
The difference between total federal debt issued and total federal debt "held by the public" is which of the following? O Federal debt held by foreigners. Federal debt held by the fed for use in monetary policy. Federal debt held by international organizations. Federal debt held by government agencies.
Assume that at the end of 2021, the US government will have a 30 trillion (i.e. 30,000bn) dollars of existing debt. Also assume that the nominal interest rate is 7% and the inflation rate is 6%. (i) In 2022, the government decides to stabilize the debt (at 30 trillion USD). Compute the size of a primary surplus that the government must run to achieve debt stabilization. (Express in billion USD) (ii) Instead, now assume that the nominal rates will increase to 10% but the inflation remains unchanged. Compute the new size of a primary surplus that the government must run to achieve debt stabilization. (Express in billion USD) (iii) Finally, assume that the nominal rates will increase to 10% but the inflation will fall to 3%. Compute the new size of a primary surplus that the government must run to achieve debt stabilization. (Express in billion USD) (iv) If the government decides to stabilize the debt in 2022 under these three different macroeconomic conditions (i)-(iii), which will be…
Subject :- Economics