Economics

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beigefish857Lv1

28 Nov 2020

The Federal budget deficit is found by

a.  subtracting government tax revenues plus government borrowing from government spending in a particular year.

b.  subtracting government tax revenues from government spending in a particular year.

c.  cumulating the differences between government spending tax revenues overall years since the nation's founding.

d.  subtracting government revenues from non-investiment type government spending in a particular year.

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Divya SinghLv10

17 Jan 2021

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Related questions

Which of the following statements is not correct?

Select one:

a. An increase in government spending raises the equilibrium level of income by a multiple of the original spending increase.

b. Government spending is part of fiscal policy.

c. A decline in government spending brings about a contraction in the economy.

d. Government spending is a means to close a recessionary gap.

e. An increase in government spending shifts the AD curve downward by a fraction of the rise in government spending.

Which of the following was not a cause of the U.S. budget deficits in the 1980s?

Select one:

a. Recessions in the early 1980s

b. A substantial increase in government spending

c. Expansion of existing government programs

d. A substantial decrease in tax rates

e. A relatively constant level of taxation

Which of the following does not qualify as an automatic stabilizer?

Select one:

a. Proportional income taxes

b. Food stamps

c. Welfare payments

d. Progressive income taxes

e. Unemployment compensation

Income taxes affect aggregate demand

Select one:

a. indirectly by changing consumption.

b. indirectly by changing investment spending.

c. indirectly by changing net exports.

d. directly by changing disposable income.

e. directly through government spending.

Which of the following constitutes a direct tax?

Select one:

a. Personal income taxes

b. Sales taxes

c. Excise taxes

d. Trade tariffs

e. Value-added taxes

apricotcoyote943

1.If individual income tax accounts for more total revenue than the payroll tax in the U.S., why would over half the households in the country pay more in payroll taxes than in income taxes?

		income tax is a proportional tax
		income tax is a progressive tax
		payroll tax is a regressive tax
		payroll tax is a progressive tax

2.If the state of Washington's government collects $75 billion in tax revenues in 2013 and total spending in the same year is $74.8 billion, the result will be a:

		budget deficit.
		budget surplus.
		the decrease in the payroll tax.
		the decrease in proportional taxes.

3.If South Dakota's governor reports a budget surplus in 2011, that state government likely:

		received more in taxes than it spent in that year.
		increased the proportional tax level.
		equalized spending and taxes in that year.
		increased the corporate income tax rate.

4.If government tax policy requires Peter to pay $15,000 in tax on the annual income of $200,000 and Paul to pay $10,000 in tax on the annual income of $100,000, then the tax policy is: