The federal deficit rose from -$485 billion in 2014 to -$585 billion in 2016. How much of this change was due to a. the growing or shrinking economy? This cyclical component accounted for a $ 100 billion increase in the deficit. b. fiscal restraint or stimulus? This structural component accounted for a $ -192 billion decrease in the deficit.
The federal deficit rose from -$485 billion in 2014 to -$585 billion in 2016. How much of this change was due to a. the growing or shrinking economy? This cyclical component accounted for a $ 100 billion increase in the deficit. b. fiscal restraint or stimulus? This structural component accounted for a $ -192 billion decrease in the deficit.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.5.1MBA: Margin of safety Using the data from P11-2, determine the following for 20Y5. Margin of safety for...
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Transcribed Image Text:Fiscal Year
Budget
Balance=
Cyclical
Component +
Structural
Component
2000
236
58
178
2001
128
-1
129
2002
-158
-83
-75
2003
-378
-107
-271
2004
-413
-58
-355
2005
-318
-20
-298
2006
-248
11
-259
2007
-161
17
-178
2008
-459
-26
-433
2009
-1,413
-251
-1,162
2010
-1,294
-300
-994
2011
-1,300
-264
-1,036
2012
-1,087
-208
-879
es
2013
-680
-207
-473
2014
-485
-168
-317
2015
-439
-86
-353
2016
-585
-76
-509
2017
-665
-53
-612
2018
-779
11
-790
2019
-984
53
-1,037
2020
-3,310
-403
-2,907
Instructions: Enter your responses as a whole number.
The federal deficit rose from -$485 billion in 2014 to -$585 billion in 2016. How much of this change was due to
a. the growing or shrinking economy?
This cyclical
component accounted for a $
100 billion increase
in the deficit.
b. fiscal restraint or stimulus?
This structural
component accounted for a $
-192 billion decrease
in the deficit.
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