The process of deciding on and passing fiscal policy legislation creates:

Question 16 options:

an information lag.

a formulation lag.

an implementation lag.

a direction lag.

Question 17(1 point)

Suppose a government spends $500B and has tax revenue of $350B.In this case, the government has a _____.

Question 17 options:

budget deficit

budget surplus

trade deficit

trade surplus

Question 18(1 point)

The total amount of money that a government owes at a point in time is called:

Question 18 options:

a budget deficit.

a budget surplus.

the public debt.

a trade deficit.

Question 19(1 point)

Suppose Anna saves $100 at an interest rate of 9%.How much will she have in 40 years?

Question 19 options:

$460

$974

$3,141

None of the above

Question 20(1 point)

Suppose Elsa and Anna each save money at the same interest rate for 10 years.If Elsa initially saves a greater amount of money than Anna, who will have more money in 10 years?

Question 20 options:

Anna

Elsa

Neither they will have the same amount

Not enough information to determine