Macroeconomics Australia Study Set 1

Business

Quiz 14 :

Fiscal Policy

Quiz 14 :

Fiscal Policy

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When revenues exceed the government's expenses, the budget
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D

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As contrasted to the Keynesian view, mainstream economists believe that ________ than Keynesian economists believe.
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A

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img -Other things remaining the same, the ________ a government's credit rating, the ________ is the interest it faces.
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A

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When revenues ________ expenses is negative, then the government has a budget ________.
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If you take a HECS-HELP student loan and repay after you graduate, you redistribute your income. In particular you consume ________ than your income when you are young and in university and ________ your income after you graduate.
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The government has a budget surplus if
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When the government's expenses equal its revenues, then the budget
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The use of the Commonwealth budget to achieve macroeconomic objectives of full employment and high and sustainable economic growth is
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img -When the government's expenses exceed its revenues, the government debt
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The largest source of Commonwealth government revenue in the 2017/18 budget was
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img -The government debt is the amount
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img The table above gives a nation's government outlays and tax revenues for 2008 through to 2012. -Based on the table above, during which years did the country have a budget surplus?
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The government collects revenues of $100 million and has $105 million in expenses. The budget balance is a
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When the government's expenditures exceed its revenues, the budget
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National debt decreases in a given year when a country has
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img The table above gives a nation's government outlays and tax revenues for 2008 through to 2012. -Based on the table above, during which years did the country have a budget deficit?
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img The table above gives a nation's government outlays and tax revenues for 2008 through to 2012. -Based on the table above, during which years did the country have a balanced budget?
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A credit rating provides information on an investor's level of default risk. The highest rating is
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In Australia for the year 2017/18, the Commonwealth government had a ________ so the national debt was ________.
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img -If government revenues are $230 billion and the government's expenses are $235 billion, then the budget
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