Total budget expenditure is 8100 and the total budget receipts are 6101 find the budgetary deficit

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CIENCES QUESTION 1 Study the bar chart regarding the National Budget's tax revenue and answer the questions that follow: WHERE WILL THE MONEY COME FROM IN 2021/22 AND HOW WILL IT BE SPEND GOVERNMENT SOURCES OF REVENUE 2021/22 Tax R1 365.1milj 72.6% Loans R 482.6milj 25.7% Non-tax income R 32.5milj 1.7% 1 Which revenue contributes the most to the National Budget? Give the percentage. Which revenue contributes the least to the National Budget? Give the percentage. Give ONE example of a income that is not tax. TAX REVENUE, 2 021/22 Personal inseme tax

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If the total budget expenditure is 6200 and the total budget receipts are 1300 find the budgetary deficit

Calculate primary deficit

22.000 20,000 18,000 16,000- 14,000- 12,000 10,000 W000- 6000- 4000 2000- 0 Gross Federal Debe (billions of dollars) (b) 400 2001 0. -200 c) Who was president at that time? -400 -600- 7. How much is the deficit in 2022? -800- -1000- -1200- -1400- -1600 1. What is the difference between deficit and debt? 3. What years saw a very small increase in debt? 2. What is happening to the gross federal debt over time? 4. When did the debt start rising at a quicker pace? Surplus or Deficit (billions of dollars) Positive values are serpluses Negative values are deficits. 5. a) Between what years did the government see a surplus in their budget? b) How is that shown in the gross federal debt graph? (a) 6. a) What year saw the biggest deficit? b) Who was president in that year? c) How do you think he lowered the deficit over the next few years?

How does the growing national debt impact minimum wage and the future population? As national debt grows beyond $21.5 trillion dollars how will it further impact th economy for the future generations. Questions like: Is the minimum wage going to drop further, are the number of jobs that can provide benefits like insurance going to be affected? Are things like rent going to rise further in cities like New York, Chicago and more making it harder for middle class to live there?