Home / Questions / What is the amount of the surplus or deficit incurred in year 5 by the government shown i
What is the amount of the surplus or deficit incurred in year 5 by the government shown in the above table?
A) $15 billion deficit
B) $35 billion surplus
C) $5 billion surplus
D) $325 billion surplus
63) The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 1?
A) $0
B) $25 billion
C) $240 billion
D) Not enough information is provided to answer the question.
64) The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 2?
A) $245 billion
B) $5 billion
C) $250 billion
D) $20 billion
65) The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 3?
A) $15 billion
B) $5 billion
C) $20 billion
D) $260 billion
66) The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 4?
A) -$20 billion (The government has net saving rather than debt.)
B) $35 billion
C) $5 billion
D) $320 billion
67) The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 5?
A) -$20 billion (The government has net saving rather than debt.)
B) $35 billion
C) $50 billion
D) $325 billion
68) The U.S. federal budget over the past 30 years has been
A) in balance most years.
B) in deficit most of the years.
C) in surplus most of the years.
D) in surplus about half the time and deficit the other half.
69) Comparing the U.S. budget position for 2012 to the rest of the world, we see that as a percentage of GDP, the ________ than in most other countries.
A) U.S. budget deficit is smaller
B) U.S. budget deficit is larger
C) U.S. budget surplus is smaller
D) U.S. budget surplus is larger
70) If the government's outlays are $1.5 trillion and its tax revenues are $2.2 trillion, the government is running a budget
A) surplus of $0.7 trillion.
B) surplus of $3.7 trillion.
C) deficit of $0.7 trillion.
D) deficit of $3.7 trillion.
Dec 08 2019 Read more Less More
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