diagram, in which Tis tax revenues and G is government expenditures. All figures are in billions of dol ars. If the full-employment he actual GDP is $200 billion: (Show your calculations) the actual budget deficit?

How would a tax cut impact the National Budget and the National Debt? What are the pros and cons of running a deficit? Would you support such a tax cut and for whom should we impose the tax cut?

. What are the three general options available to the U.S. to begin to reduce the relative size of our national debt as a percent of GDP?

Members of society lost jobs when COVID started. Businesses were closed, Goods and Services became scares and prices started surging. people who lost jobs counldnt afford essential goods and Services.   -what fiscal policies were in place or passed to help meet these problems?  -What was done for the unemployed?

Directions: click on the graph in the window on the right and select Time Series to graph the U.S. public (federal) net outstanding debt as a percentage of GDP for the years 1940-2005. For Y Axis1 select Net Federal Debt, percentage of GDP. Use the figure to help determine which of the following statements are true. O A. The U.S. net federal debt to GDP ratio has been, for the most part, decreasing since the end of World War II, despite the fact that the U.S. economy was expanding and could afford a larger debt to GDP ratio. OB. As a result of the exceptionally large increases in U.S. government military expenditures in the first half of the 1940's, that were needed to win World War II, the net U.S. public debt to GDP ratio increased substantially, surpassing 100%. Since the late 1950's however, U.S. net federal debt to GDP ratio has fluctuated within a relatively small bend around the 40% line. OC. The net U.S. federal debt to GDP ratio follows a pattern that cannot have a meaningful…

aget TRUE - OR - FALSE The amount the government owes to the public is the deficit. O True O False

3. Suppose field workers in California, one of the largest producers of strawberries in the US, are able to organize into union and receive wage increases of 25%. How will this impact the supply of strawberries in the US market? 4. Suppose a new Congress in 2025 decides to take on the problem of the USA national debt and budget deficits by imposing a 5% tax on new farm equipment to help pay down the debt. How will this impact the supply of food in the United States? 5. Soybean, sorghum, and sunflowers can be grown through many of the states bordering Canada. After Donald Trump left office, China returned to the US market buying large amounts of soybeans to feed its pigs to satisfy Chinese consumer preferences for pork. Assume Donald Trump wins the 2024 election in China boycotts the US soybean market. How was this impact the supply of sunflower seeds in the US market? 6. Recently Vladimir Navalny, a critic of Russian leader Vladimir Putin died in prison. Suppose this results in…

Please help 46

When the government receipts are more than the government expenditure we call it as Surplus budget Deficit budget  which is correct?

12. The national debt in the current year is equal to the national debt at the beginning of the year minus the annual budget deficit. a. b. equal to the national debt at the end of the year plus the annual budget deficit. equal to the national debt at the beginning of the year plus the annual budget deficit. C. d. none of the above. H. I