MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 13, Problem 16SQ
To determine
The method of operating the federal agencies without a new budget before the fiscal year starts.
Option 'd' is correct.
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Students have asked these similar questions
When the total revenues in the federal government are greater than the total expenses in a given year, the budget:
A. is balanced.
B. has a profit.
C. has a deficit.
D. has a surplus.
Differentiate between the following terms:a. a budget deficit. b. the government debt. c. a budget surplus d. a balanced budget.
Who prepares and passes the federal budget?
The President and Congress
State Legislatures
The President
Congress
Chapter 13 Solutions
MACROECONOMICS FOR TODAY
Ch. 13.1 - Prob. 1YTECh. 13.1 - Prob. 2YTECh. 13.3 - Prob. 1YTECh. 13.3 - Prob. 2YTECh. 13 - Prob. 1SQPCh. 13 - Prob. 2SQPCh. 13 - Prob. 3SQPCh. 13 - Prob. 4SQPCh. 13 - Prob. 5SQPCh. 13 - Prob. 6SQP
Ch. 13 - Prob. 7SQPCh. 13 - Prob. 8SQPCh. 13 - Prob. 9SQPCh. 13 - Prob. 10SQPCh. 13 - Prob. 11SQPCh. 13 - Prob. 1SQCh. 13 - Prob. 2SQCh. 13 - Prob. 3SQCh. 13 - Prob. 4SQCh. 13 - Prob. 5SQCh. 13 - Prob. 6SQCh. 13 - Prob. 7SQCh. 13 - Prob. 8SQCh. 13 - Prob. 9SQCh. 13 - Prob. 10SQCh. 13 - Prob. 11SQCh. 13 - Prob. 12SQCh. 13 - Prob. 13SQCh. 13 - Prob. 14SQCh. 13 - Prob. 15SQCh. 13 - Prob. 16SQCh. 13 - Prob. 17SQCh. 13 - Prob. 18SQCh. 13 - Prob. 19SQCh. 13 - Prob. 20SQ
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Similar questions
- Whenever the federal government spends more than it receives in tax revenue, then it is Select one: a. running budget surplus. b. operating a balanced budget. c. running a budget deficit.arrow_forwardWhat are the president's budget request responsibilities?arrow_forwardMatch the term to the definition: Government spending is less than tax revenue for the fiscal year Government spending is greater than tax revenue for fiscal year A. Budget Deficit B. Budget Surplusarrow_forward
- The table below presents the tax revenue and spending for the government over five years. a. Under the "Budget Amount" column calculate the annual budget outcome. Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. b. Under the "Budget" column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget. Government Revenue and Spending Tax Revenue (billions of dollars) $100 400 800 600 200 Year 1 2 3 4 5 Spending (billions of dollars) $300 600 800 200 100 Budget Amount (billions of dollars) Budget (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) a. Under the "Budget Amount" column calculate the annual budget outcome. b. Under the "Budget" column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget.arrow_forwardHow does the federal government finance a budget deficit? It prints more money. It purchases U.S. Treasury bonds. It cuts spending on entitlement programs. It borrows funds by selling Treasury bonds.arrow_forwardA government's debt is reduced when it Group of answer choices runs a surplus. runs a deficit. balances is budget. sells more bonds.arrow_forward
- discuss the budget cycle.discuss why the annual budget is considered as a political act of state?arrow_forwardWhich of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto powerarrow_forwardWhen the economy is in recession, government revenue falls due to a falling tax base. Therefore the proper role of government should be to increase taxes and cut spending so as to balance the Federal budget. Do you agree? Why?arrow_forward
- When governments run budget deficits, how do they make up the differences between tax revenue and spending?arrow_forwardGiving examples, outline the reasons for using a discretionary fiscal policy.arrow_forwardMany communities today are concerned with their local government's ability to appropriately manage the taxes it collects. If a government spends more money on expenditures than it collects in taxes, it may end up with not enough money, called deficit. Which of the following could result in a county government having a deficit budget? a The country closes a clinic reducing expenditures, without adjusting taxes. b. The goverment raises sales and property taxes Without adjusting expenditures. C. The county gives all sheriff deputies a raise without adjusting taxes d. The county collects donations to build a WWII veteran memorialarrow_forward
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