Eastlandia's GDP in 2021 is $18229. Government budget deficit in 2021 is $64.2. Government debt at the end of 2020 is $933, on which it has to pay an interest rate of 3.5 percent. Government debt at the end of 2021 is $ Do not enter $ sign. Round to two decimal places if required.
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- Eastlandia's GDP in 2021 is $12494. Government budget deficit in 2021 is $63.7. Government debt at the end of 2020 is $907, on which it has to pay an interest rate of 3.1 percent. Government debt at the end of 2021 is $ Do not enter $ sign. Round to two decimal places if required.Eastlandia's GDP in 2021 is $17353. Governmert budget deficit in 2021 is $68.2. Government debt at the end of 2020 is $915, on which it has to pay an interest rate of 3 percent. Government debt at the end of 2021 is $ Do not enter $ sign. Round to two decimal places if required.If net taxes fall by $80 billion, we would expect the government deficit to fall by $80 billion. household savings to rise by $80 billion. household savings to rise by less than $80 billion. household savings to fall by more than $80 billion.
- What does a declining national debt indicate? Group of answer choices The government is receiving more money in taxes than it spends in a year. The government is spending more money than it receives in taxes for a given year. The unemployment rate is declining. The rate of inflation is declining.□ 22. Which of the following is not part of the federal education budget? providing special education funding providing grants for low-income students to attend college paying coaches in low-income schools helping districts set performance-based raises for teachers and principalsCalculate interest payments if primary deficit is $1400 and fiscal deficit is $2200
- 3. Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP for the U.S. economy during several years. All numbers are in billions of dollars. Revenues Year (Billions of dollars) 1929 3.9 1948 1967 1986 2005 FEDERAL EXPENDITURES AND RE VENUES (Percent of GDP) 25 20 15 10 41.6 Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the orange points (square symbol) for expenditures and the green points (triangle symbol) for revenues. Line segments will automatically connect the points. 1929 148.8 769.2 2,153.9 Expenditures GDP (Billions of dollars) (Billions of dollars) 3.1 103.6 1948 29.8 157.5 990.4 2,472.2 1987 YEAR 1986 269.2 2005 832.6 4,462.8 12,421.9 Expenditures Δ Revenues ?Calculate interest payments if fiscal deficit is $77 million and primary deficit is $50 millionWhat does a declining national debt indicate? The government is receiving more money in taxes than it spends in a year. The unemployment rate is declining. The government is spending more money than it receives in taxes for a given year. O The rate of inflation is declining.
- Imagine a country where there is a $500 million debt with a real Gross Domestic Product of $18.4 billion. The debt service payments are $35 million with a 4% interest rate and the primary budget deficit for the upcoming year is expected to be $185 million and the economy is expected to grow by 2.5%. What is the current debt-to-GDP ratio and how much will that change given the new budget forecast? (show your work and the new debt-to-GDP ratio)Year 1 2 Government Government Real Purchases GDP 304 5,131 459 5,405 Taxes 257 263 Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public debt as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.There is $10 trillion in the loanable funds market. $6 trillion in private borrowing and $4 trillion in government borrowing. The federal government increases its borrowing to $5 trillion, crowding out $1 trillion in private borrowing. Interest rates remain the same. Make an argument that the GDP remains the same and that we don’t care about the crowding out.