Question
There are around 12 questions. Please help me with all of them. If my answer is wrong, please tell me what's the corrected one is.
There are around 12 questions. Please help me with all of them. If my answer is wrong, please tell me what's the corrected one is.
1.Watch the video: https://www.youtube.com/watch?v=tpMsBi47k8Q When examining the US national debt what is an effective way of putting the data into context (rather than looking at total public debt)?
A.total interest paid on the debt
B.debt-to-GDP ratio
C.deficit-to-debt ratio
D.total debt for the most recent year
E.US credit rating
2.What country had the largest budget deficit (as a percentage of GDP) in 2018 See https://www.imf.org/external/datamapper/GGXCNL_NGDP@WEO/OEMDC/ADVEC/WEOWORLD
A.Venezuela
B.Greece
C.Japan
D.USA
E.Canada
D 19 What would happen to the cyclical deficit if the GDP growth rate jumped from 2 percent to 4 percent? O no change in deficit reduction O decrease in deficit reduction the deficit would be reduced to zero O increase in deficit reduction 19 A budget deficit is government spending in excess of what? O household spending O real GDP O tax revenues O consumption19 Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $4 trillion while raising only $3 trillion worth of taxes. What will be the government's deficit? O $4 trillion O $2 trillion O $1 trillion O $3 trillion D 19) Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $4 trillion while raising only $3 trillion worth of taxes. At a 4 percent rate of interest, how much interest will the government pay each year? Enter your answer in whole numbers. For example, if your answer is $33.6 billion, enter 3419 If the economy starts with a balance Federal budget, a subsequent expansionary fiscal policy will create a O low inflation rate O low tax rate O budget deficit O budget surplus 19 When GDP growth slows or inflation increases, the cyclical deficit increasesD 19 The total budget balance is comprised of ------ and balances. O automatic; discretionary O cyclical; stationary O structural; natural O structural; cyclical 10 :5 10 19 In contrast to the structural deficit, the cyclical deficit reflects O Changes in discretionary fiscal policy. O Fiscal policy decisions. O Changes in the "full-employment" deficit. O Fluctuations in economic activityStep by Step Solution
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