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- In a government budget, primary deficit is $20000 million and interest payments is $16000 million What will be the fiscal deficitSuppose that the government's total tax receipts are $334, government spending on goods and services is $549 and transfer payments are $120. What is the government's budget surplus or deficit? Ignore the $ sign.i) Calculate total government expenditures. ii)Calculate total government spending. iii)Is the government running a surplus, deficit, or a balanced budget?
- Which one of the following statements regarding fiscal policy and the budget is correct?(a) When the government plans to stimulate economic activity, it can increasespending or reduce taxes;(b) Revenue from tax is always greater than government spending in SouthAfrica;(c) Demand management only refers to fiscal policy;(d) A contractionary fiscal policy should be implemented to combatunemployment.in a government budget, revenue deficit is $50,000 and borrowing are $75000. How much is the fiscal deficit.Fiscal policy is spending and taxation of the executive branch of the federal government; in recessionary times, what initiatives in spending and or taxation are going to help the economy?
- Calculate the value of total expenditure if budgetary deficit is $20,000 million and the total receipts is $6000 millionFrom the following data about a Government budget, find out (a) Revenue deficit, (b) Fiscal deficit, and (c) Primary deficit: Items (Rs. in crore) (i) Capital receipts net of borrowings 95 (ii) Revenue expenditure 100 (iii) Interest payments 10 (iv) Revenue receipts 80 (v) Capital expenditure 110Calculate budgetary deficit when total expenditure is $30,000 and the total receipts is $28,000
- When current income of the Government is less than its current expenditure, it is known as: a) Budget deficit ) Fiscal deficit c) Revenue deficit d) Primary deficitDifferentiate between the following terms:a. a budget deficit. b. the government debt. c. a budget surplus d. a balanced budget.The table shows the tax revenues and the outlays of a nation at each level of real GDP. What is the budget deficit when real GDP is $4 trillion? >>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then it is reported as a negative number. When real GDP is $4 trillion, the budget deficit is $nothing trillion. >>> Answer to 1 decimal place. Real GDP Tax revenues Outlays (trillions of dollars) 3 0.1 0.5 4 0.2 0.4 5 0.3 0.3 6 0.4 0.2 7 0.5 0.1