Historically, which of the following are reasons that a large US public debt might not threaten to bankrupt the Federal government? [select all that apply] Group of answer choices 1) taxation 2) refinancing 3) income distribution 4) low interest rates
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Historically, which of the following are reasons that a large US public debt might not threaten to bankrupt the Federal government?
[select all that apply]
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- According to the textbook, which of the following statements is (are) correct? (x) Taxes on specific goods such as cigarettes, gasoline and alcoholic beverages are called excise taxes (y) The government taxes corporate income on the basis of the number of employees. (z) The payroll tax differs from the individual income tax because all of the payroll tax is paid by the employer and all of the income tax is paid by the employee. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) onlyA government collects $175 billion quarterly in tax revenue. Each year it allocates $70 billion to the justice system and $130 billion for its own administrative costs. What percentage of annual tax revenue is allocated to these two categories of government spending? Group of answer choices 37.15% 28.57% 17.51% 27.58%MULTIPLE CHOICE QUESTIONS1. Which of the following is a category of fiscal policy?A) government policies regarding transfer payments and welfare benefitsB) government policies regarding the purchase of goods and servicesC) government policies regarding taxationD) all of the above2. Which of the following is CORRECT regarding tax revenues?A) they do not change with changes in the tax rateB) they increase during recessionsC) they are the only revenue source in the government's budgetD) they decrease during economic slowdowns3. Disposable incomeA) decreases when income decreases.B) decreases when net taxes decrease.C) increases when saving decreases.D) all of the above4. Planned aggregate expenditure increases when ________ in the income-expenditure model.A) the government sector is excludedB) consumption is excludedC) the government sector is includedD) investment is excluded5. If output is greater than planned aggregate expenditure, there will beA) no change in inventories.B) a planned…
- True or False: Federal spending has grown substantially in recent decades. By world standards, the U.S. government controls a relatively large share of the U.S. economy. A majority of the federal governments revenue Is collected through personal income taxes. Education spending is slightly larger at the federal level than at the state and local level. State and local government spending has not risen much in recent decades. Defense spending is higher now than ever. The share of the economy going to federal taxes has increased substantially over time. Foreign aid is a large portion, although less than half, of federal spending. Federal deficits have been very large for the last two decades. The accumulated federal debt as a share of GDP is near an all-time high.Have spending and taxes by state and local governments In the United States had a generally upward or downward trend in the last few decades?Why is government spending typically measured as a percentage of GDP rather than in nominal dollars?
- What is the difference between a progressive tax, a proportional tax, and a regressive tax?Government collects the largest percentage of its revenue in which of the following ways? A) excise tax B) payroll tax C) corporate income tax D) personal income taxAccording to the textbook, which of the following statements is (are) correct?(x) As a nation gets richer, the government typically takes a larger share of income in taxes. (y) In 1902 the government (federal, state and local) in the U.S collected about 7 percent of total income in taxes and in current times, it collects around 26 percent of income in taxes (z) In the early 2000s, the U.S had a larger tax burden, as a percent of income, then all of the major economies in Europe. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (z) only
- 1-Consider the three following households: Household A with an income of 12000$ Household B with an income of 15000$ Household C with an income of 30000$ The income tax in the country X is proportional and equals 2% The income tax in the country Y is as follows: The households who are paid under 15000$ would pay a tax of 10% and those above 15000% would pay a tax of 20% The income tax in the country Z is regressive. Households A, B and C would pay 10% or 20% or 30%. Calculate the income tax for the three households in each country.The table below presents the tax revenue and spending for the government over five years. Government Revenue and Spending Spending (billions of dollars) Budget Anount (billions of dollars) Tax Revenue (billions of dellars) $400 Budget (Cick to select) (Click to select) ♥ (Click to select) (Click to select) (Click to select) Year $300 S00 450 3. 150 550 4 200 200 700 500 Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign a. Under the "Budget Amount" column calculate the annual budget outcome. b. Under the "Budget" column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget c Suppose the government has no debt entering into year 1. At the end of year 5, what is the government's level of debt? Enter your answer as a positive value %24 billionGood day . can you please assist on the following question below Multiple-choice questions: Select one correct answer for each of the following. Q.1. A budget deficit occurs when: (a) there is an increase in taxation.(b) government spends less than is generated by taxation.(c) government spending is very high.(d) Government spends more than is generated by taxation.Q.2. An example of an indirect tax is: (a) income tax.(b) secondary tax on dividends.(c) company tax.(d) value added tax. Q.3. Which one of the following statements is INCORRECT? (a) Provincial government forms part of the public sector.(b) Central government forms part of general government.(c) Provincial government forms part of the general government.(d) Public corporations form part of general government.