0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When does the government spend more money than it takes in from taxes and other sources in a fiscal year?
budget deficit
This term represents the amount of money the government spending over what it is receiving in taxes?
deficit
What term represents the amount of money the government is spending over what it is receiving in taxes.?
deficit
This term represents the amount of money the government is spending over what it is receiving in taxes.?
deficit
What term represents the amount of money the government is spending over what if is receiving in taxes?
deficit
Can you make a sentence with Budget deficit?
The government was under pressure to raise more taxes due to the budget deficit they had.
When is the government budget deficit is most likely to rise?
When there is a decrease in taxes
Which if the following is an example of exspansionary fiscal policy?
the government cuts taxes
How to overcome the budget deficit?
Cut personal taxes - this increases consumer spending - this leads to growth - this leads to increased GDP - this leads to increased business/corporation taxation income- this pays the budget deficit.
What is the difference between the National debt and the budget deficit?
Budget deficit is how much we spend per year over what we take in from taxes. National debt is the total amount the nation owes (the deficits added together).
When does the government spend more money than it takes in from taxes and other sources in a fiscal year?
budget deficit
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
When government takes in 100 million in taxes but has an obligation of 120 million in government services to provide is an example of?
Budget deficit
What is true about government balance in the macroeconomic balance equation?
Which of the following is true about government balance in the macroeconomic balance equation? a. Government balance can occur in the presence with inflation. b. Government balance is the difference between taxes (revenues) and expenditures. c. In transition economies, pressures on T and G resulted in a budget deficit. d. b and c are correct. e. a, b, and c are correct.
Is budget deficit a type of budget?
A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the government is going to spend over the next budget period (often a year), and on what. This includes interest the government has to spend on money it has previously borrowed (usually through bonds). If the total to be spent is expected to exceed what the government expects to take in (usually through taxes), the difference is the deficit, often called the "budget deficit". On the other hand, if the government expects to take in more money than it spends, the difference is a surplus, called the budget surplus. A budget that has a deficit is a "deficit budget"; one that has a surplus is called a "surplus budget"; and one that has neither (that is, spending and income are equal) is called a "balanced budget". It's worth noting that "deficit" and "debt" are not the same. The deficit is the amount by which the government overspends its income in a single budgetary period, typically a year. The debt is the total amount of money the government owes, and can be calculated by adding up all the budget deficits and surpluses the government has ever run.
How does a government finance a budget deficit?
we have two sources of finance that is external internal fund loans from outside and internal generating from taxes.
How much money does the federal government collect in taxes?
Obviously not enough to balance the budget.
