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Macroeconomics Study Set 42

Business

Quiz 31 :

Government Debt and Deficits

Quiz 31 :

Government Debt and Deficits

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In any given year, the governmentʹs debt-service payments are
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C

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Do we get a useful and meaningful statistic by dividing the national debt by the GDP?
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D

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The governmentʹs primary budget deficit or surplus) is the
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E

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The federal governmentʹs ʺprimary budget deficitʺ
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If voters want to know how their tax dollars are being spent and how the federal government is managing its current spending, they should look at
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Consider the following variables: G = government purchases I = interest rate on government debt D = stock of government debt T = net tax revenue The governmentʹs budget deficit can be expressed as
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The governmentʹs primary budget deficit or surplus) is the difference between the
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The governmentʹs annual primary budget deficit is equal to the
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Suppose the stock of government debt in Canada at the end of one fiscal year is $475 billion. If the stock of debt falls to $461 billion by the end of the next fiscal year, and debt-service payments during that year were $38 billion, then we know that the government had
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Consider the governmentʹs budget constraint. The accumulated stock of government debt will begin to fall
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When a government changes its fiscal policy, it is
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Consider the federal governmentʹs budget constraint. If the governmentʹs total budget deficit is $27 billion and its debt-service payments are $29 billion, then its
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Suppose that in Year 2 there was a higher federal budget deficit than in Year 1. This could be explained by In Year 2.
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In any given year, the governmentʹs debt-service payments are equal to
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If we want to know whether tax revenues are sufficient to finance the discretionary part of government expenditure, which of the following measures should we analyze?
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A simple equation describing the governmentʹs budget constraint is
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The extent to which tax revenues are able to finance the discretionary part of total government expenditure is best measured by the
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What is the difference between the governmentʹs debt and the governmentʹs deficit?
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Suppose the stock of government debt in Canada at the end of one fiscal year is $475 billion. If the stock of debt falls to $461 billion by the end of the next fiscal year, then we know that in that year
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Consider the following variables: G = government purchases I = interest rate on government debt D = stock of government debt T = net tax revenue The governmentʹs budget constraint can be expressed as
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