Suppose that in 2012 the government collected $320 billion in revenue and spent $380 billion, while in 2013 the government revenue increased to $350 billion and its spending fell to $330 billion. If the government had a debt of $600 billion at the beginning of 2012, how much debt would it have by the end of 2013?

Which of the following is NOT a component of federal fiscal policy?   A. Federal tax revenues   B. Federal government expenditures   C. Federal budget deficit   D. All of the above are components of federal fiscal policy

Which of the following owns the largest proportion of the national debt?   a.  foreigners   b.  federal, state, and local governments and the Federal Reserve   c.  private individuals, banks, and corporations   d.  foreign governments

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.

Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $5 trillion while raising only $4 trillion worth of taxes. Instructions: Enter your responses rounded to one decimal place. a. What will be the government's deficit? 24 1000 billion b. If the government finances the deficit by issuing bonds, what amount of bonds will it issue? $4 1000 billion C. At a 3 percent rate of interest, how much interest will the government pay each year? $4 30 billion d. Add the interest payment to the government's $5 trillion expenditures for the next year, and assume that tax revenues remain at $4 trillion. In the second year, compute the () Deficit: $ billion (ii) Amount of new debt (bonds) issued to finance the deficit in the second year: $ billion (iii) Total debt at the end of the second year: $ billion (iv) Debt service requirement: $ billion < Prev 5 of 5 Next W tv N FEB 877 9.

1. Why is a $100 billion increase in government spending on goods and services more expansionary than a $100 billion decrease in taxes?

Explain the difference between the headline fiscal deficit and the primary fiscal deficit. Which one will be the biggest figure?

What is the concept of a budget deficit? A. Government spending exceeds government revenue B. Government revenue exceeds government spending C. Government spending is equal to government revenue D. Government debt is reduced to zero

Why do governments typically issue general long-term debt? What types of services might be limited if debt was no longer a financing option?

U.S. budget deficit widens In the fiscal year 2019, the projected U.S. federal government deficit totaled $960 billion, which is 23.2 percent higher than a year earlier. Source: Congressional Budget Office, August 21, 2019 Given the information in the news clip, what was the total change in U.S. national debt during the fiscal years 2018 and 2019? The budget deficit in 2018 was $ 779 billion. ... During Fiscal 2018 and Fiscal 2019, the national debt by $ billion.