Question 1 What is the role of the Council Economic Advisers (CEA) as it relates to the effectiveness of the recent U.S. fiscal policy? Find the names and university affiliations of the present members of the CEA. Question 2 What are problems that governments may encounter in enacting and applying fiscal policy? Explain the effectiveness of the recent U.S. fiscal policy. Question 3 Public debt is the sum of deficits and surpluses (negative deficits) over time. Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 1, a budget deficit of $20 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. What is the absolute size of its public debt in year 4? Question 4 If the real GDP in year 4 is $104 billion, what is this country’s public debt as a percentage of real GDP in year 4? Question 5 What is the current US public debt?
Question 1
What is the role of the Council Economic Advisers (CEA) as it relates to the effectiveness of the recent U.S. fiscal policy? Find the names and university affiliations of the present members of the CEA.
Question 2
What are problems that governments may encounter in enacting and applying fiscal policy?
- Explain the effectiveness of the recent U.S. fiscal policy.
Question 3
Public debt is the sum of deficits and surpluses (negative deficits) over time. Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 1, a budget deficit of $20 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4.
- What is the absolute size of its public debt in year 4?
Question 4
If the real GDP in year 4 is $104 billion, what is this country’s public debt as a percentage of real GDP in year 4?
Question 5
What is the current US public debt?
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