Between 1998 and 2000, the U.S. government had higher revenue than spending. Which of the following most likely happened because of this? A) The U.S. budget deficit increased B) The U.S. budget deficit decreased C) U.S. national debt decreased D) U.S. national debt increased

Please answer the questions related to the national budget deficit in the United States. Which of the reasons given is often cited as a benefit of running a budget deficit? operating with a budget deficit lesses the impact of a recession budget deficits reduce tax costs for American workers working under deficit conditions helps to smooth out tax rates over time running a deficit helps to increase spending for public assistance programs

Congress recently passed and President Biden signed the American Rescue Plan (ARP), which will add $1.9 trillion to the federal deficit over the next ten years. Even before this new spending, federal debt held by the public was slated to reach 107% of GDP by 2031, the highest in history. What do high deficits mean going forward?

Fiscal policy consists of A) Money supply and interest rates. B) Taxes and government spending. C) Taxes and interest rates.

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

Which of the following terms is used to describe the set of policies that relate to government spending, taxation, and borrowing?     fiscal policies       monetary policies       economic policies       financial policies

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.

In recent economic history, the U.S. federal budget was in surplus from 2001 through 2005. 1998 through 2001. 1990 through 1997. 1980 through 1989.

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

In 2050, the government has collected $9,409 billion in revenues from taxes but has spent $10,985 billion on government purchases and transfers. What is the budget surplus(+)/deficit(-) for 2050? Note: A deficit should be negative, and a surplus should be positive. Enter your answer in billions.