Based on what we observed in the module on public finance, select all true statements. 0 0 0 Over the 1945-2020 period, the net debt as a percentage of GDP for the Canadian federal government was the highest after the second World War. Over the 1960-2020 period, the main source of revenue for all governments shifted from income taxes to taxes on production and imports. The proportion of the Canadian debt held by non residents has increased over the 2008-2020 period. None of the above

Based on what we observed in the module on public finance, select all true statements. 0 0 0 Over the 1945-2020 period, the net debt as a percentage of GDP for the Canadian federal government was the highest after the second World War. Over the 1960-2020 period, the main source of revenue for all governments shifted from income taxes to taxes on production and imports. The proportion of the Canadian debt held by non residents has increased over the 2008-2020 period. None of the above

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter22: The Public Sector

Section: Chapter Questions

Problem 2SQ

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A government finances all of its debt through 1-year treasury bonds. This government is able to collect $132 million in tax revenue and the country has a GDP of $718 million. If this government is able to consistently sell treasury bonds which yield 6.17% interest, what is the maximum debt-to- GDP ratio this country could maintain and still make all interest payments? Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places.
A government fınances all of its debt through 1-year treasury bonds. This government is able to collect $175 million in tax revenue and the country has a GDP of $765 million. If this government is able to consistently sell treasury bonds which yield 3.29% interest, what is the maximum debt-to- GDP ratio this country could maintain and still make all interest payments? Put your answer in percentage form (e.g. 30.57 not 0.3057) and then round to two decimal places.
The US government is over $28 trillion in debt. We discussed three views regarding whether or not public debt is a burden on future generations: the hysterical view, the traditional view, and MMT. Critically assess each view, then provide your response: is government debt a burden?
Government debt in the United States can be categorized a number of different ways. For each debt definition, please indicate all of the scenarios which match that type of debt. The national debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. the Social Security Administration. a citizen of Germany. a little old lady in Peoria. The public debt includes Treasury bonds bought by First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria. the Social Security Administration. Internally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria. Externally held debt includes bonds owned by the Social Security Administration. First National Bank of Dallas. the government of China. a citizen of Germany. a little old lady in Peoria.
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The gov of Zimbabwe implements reforms which cause the growth rate of the economy to increase, and are financed through an increase in government spending that only occurs once. What is the likely impact on the growth of the debt to GDP ratio? (there can be more than one answer, select all that apply): To rise initially, followed by a fall To rise initially followed by a plateau To fall To fall initially and then rise
The table below shows hypothectical figures of revenue and spending for the Canadian government For simplicity, assume that all of the spending grants to other levels of government were spent in Canada on goods and services. REVENUES Personal income taxes Corporate income taxes Other income taxes GST and excise taxes EX premiums Federal Government's Budget Plan for Fiscal Year ($billion) OUTLAYS $115 26 Transfers to persons Spending grants to other levels of government Public debt charges Direct program spending Total Outlays Projected Budget Plan Surplus 3 45 19 Other revenues 22 Total Revenues 230 a. The projected NTR in this budget plan is $ billion. b. The value of NTR less government spending on goods and services (G) is $ Round your answers to 1 decimal place. The percentage of total revenue made up by personal income taxes is d. The percentage of total revenue made up by corporate income taxes is 6. e. The percentage of total outlays made up by transfer payments to persons is…
The following describes some key variables regarding public debt in the UK. Debt to output is 95%, the growth rate of output is 1.2%, and the interest rate on debt is 1.5%. a) What is the primary surplus the government has to run as a percentage of output to ensure a stable debt to output ratio if there is no seigniorage from printing money? (20%)
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Talona's government has decided to fund its increasing budget deficit by raising capital in the international financial capital markets. Discuss the most likely outcomes that are closely associated this type of fiscal policy.