A deficit is the part of the federal budget deficit that occurs from an economic downturn.

Describe how the federal deficit is a burden on the shoulders of future generations.

Which of the following might increase the government budget deficit?     contractionary fiscal policy     expansionary fiscal policy     expansionary monetary policy     contractionary monetary policy

What budget changes would have to occur in order to lower an annual deficit? Annual expenditures would have to rise. Annual expenditures would have to decline and annual tax collections would have to rise. Annual tax collections would have to fall. Annual expenditures would have to rise and annual tax collections would have to fall.

The government starts with a debt of $4 billion.  In year one, the government runs a deficit of $600 million. In year two, the government runs a deficit of $1 billion. In year three, the government runs a surplus of $300 million.  What is the total debt of the government at the end of year three? Show work.

Which of the following is a reason for using expansionary fiscal policy during a recession? a) reduce unemployment  b) All of the choices are correct  c) help the economy return to full employment  d) help increase GDP, job opportunities, and production in the economy e) increase employment

Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment GDP and actual GDP are each $400 billion, this economy will realize a Multiple Choice cyclically adjusted deficit of $20 billion. cyclical deficit of $20 billion. cyclical surplus of $20 billion. cyclically adjusted deficit of zero.

Find the primary deficit if the fiscal deficit is 52 and the interest payments are 12

The government debt is None of these answers is correct. the total accumulation of deficits in the current period. the outstanding stock of bonds that have been issued in the past. equal to total tax receipts. the annual difference between government spending and tax revenues.

The federal government ran a budget surplus in the late 1990 and in the year 2000, but has since returned to running a budget deficit. Explain why reducing the budget deficit can cause short-term pain in the form of lower employment, higher unemployment, and a recession. (Use diagram and analysis)