Real-Time Data Analysis Exercise In 2020, government spending in the U.S. was $6.55 trillion, and taxes collected were $3.42 trillion. What was the federal government deficit in 2020? "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. The federal government deficit in 2020 was $ trillion. (Enter your response rounded to two decimal places and do NOT include a plus or minus sign.)

7. Agreement and disagreement among economists Suppose that Paolo, an economist from a research institute in Alberta, and Sharon, an economist from a public television program, are arguing over budget deficits. The following dialogue shows an excerpt from their debate: Sharon: Most people recognize that the budget deficit has been rising considerably over the last century. We need to find the best course of action to remedy this situation. Paolo: I believe that a cut in income tax rates would boost economic growth and raise tax revenue enough to reduce budget deficits. Sharon: I actually feel that raising the top income tax rate would reduce the budget deficit more effectively. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Employers should not be restricted from outsourcing work to foreign nations. O Central banks should focus more on maintaining low…

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One objection to deficit spending is that it increases the demand for loanable funds thereby putting upward pressure on interest rates that crowds out private investment spending thereby lowering future U.S. growth.                           (1) What is the general level of interest rates in 2020?