Question : 21) During which years, if any, did the country have : 1228013

 

 

21) During which years, if any, did the country have a balanced budget?

A) 2008 and 2009

B) 2012 only

C) 2011 only

D) 2010 and 2012

E) all except 2011

 

 

 

 

22) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) balanced budge; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; balanced budget

 

23) The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2010 country A had a ________ and country B had a ________.

A) budget deficit; budget deficit

B) budget deficit; budget surplus

C) balanced budget; budget deficit

D) budget surplus; budget surplus

E) budget surplus; budget deficit

24) The national debt is the amount

A) by which government tax revenue exceed outlays in a given year.

B) of debt outstanding that arises from past budget deficits.

C) by which government outlays exceed tax revenue in a given year.

D) of government outlays summed over time.

E) of all future entitlement spending.

 

25) The national debt is

A) tax revenue minus government outlays.

B) government outlays minus tax revenue.

C) the amount borrowed by the government to finance past budget deficits.

D) the amount lent by the government of past budget surpluses.

E) the excess of this year’s budget surplus minus this year’s budget deficit.

 

26) When the government’s outlays equal its tax revenue, the budget

A) has a deficit and the national debt is increasing.

B) is balanced and the national debt is not changing.

C) has a surplus and the national debt is increasing.

D) has a deficit and the national debt is decreasing.

E) has a surplus and the national debt is decreasing.

 

27) When the government’s outlays exceed its tax revenues, the national debt

A) shrinks thanks to the budget surplus.

B) grows to finance the budget deficit.

C) shrinks thanks to the budget deficit.

D) grows to finance the budget surplus.

E) does not change because it has nothing to do with government outlays and tax revenue.

28) The national debt can only be reduced if

A) the federal budget is in deficit.

B) the federal budget is in surplus.

C) there are no tax multiplier effects.

D) the economy has a deflationary gap.

E) the economy has an inflationary gap.

 

29) If tax revenues are $230 billion and the government’s outlays are $235 billion, then the budget

A) deficit is $5 billion and government debt will remain the same.

B) surplus is $5 billion and government debt will increase by $5 billion.

C) deficit is $5 billion and government debt will increase by $5 billion.

D) deficit is $5 billion and government debt will decrease by $5 billion.

E) surplus is $230 billion and the budget deficit is $235 billion.

 

30) What two parts of the government determine the federal budget?

A) the Federal Reserve and the FOMC

B) the President and the Federal Reserve

C) the Congress and the Federal Reserve

D) the Congress and the President

E) the U.S. Treasury and the Federal Reserve

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more