The following budget data are for a country having both a federal government and provincial governments: Calculate
Question:
Calculate the overall and primary deficits for the federal government, the provincial governments, and the combined governments.
Transcribed Image Text:
Federal purchases of goods and services Provincial purchases of goods and services Federal transfer payments to persons Provincial transfer payments to persons Federal-to-provincial transfers Federal tax receipts Provincial tax receipts Interest received from private sector by 200 150 100 50 100 600 100 10 federal government Interest received from private sector by 10 1000 provincial governments Total federal government debt Total provincial goverrment debt Federal government debt held by provincial governments Nominal interest rate 200 10%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
The following table shows the categories of the budget To calculate net interest paid in this table ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
Question Posted:
Students also viewed these Economics questions
-
The Sassawinni First Nation is located adjacent to a town in northern Saskatchewan. The Nation is under the jurisdiction of the federal government's Aboriginal Affairs and Northern Development...
-
The information in many of the tables in this chapter can be found in the Economic Report of the President, which appears annually. Using a recent issue of the report at your library or on the...
-
The Constitution in Your Community Assume that you are working for a law firm that has just been retained by Steve Smith, a local home owner who is upset with his local governments enforcement of a...
-
If the rate of a plane in still air is x mph and the rate of a steady wind is 20 mph, what is the rate of the plane in each case? (a) The plane is flying into the wind (that is, into a headwind,...
-
Visit the GAOs home page (www. gao.gov) and search for a recently completed audit. Prepare a summary of the GAO audit that includes background on the issue and the GAOs findings and recommendations.
-
What are different categories to keep in mind when you are trying to increase inclusivity in business messages?
-
A manufacturer of smart phones has the following probability distribution for the number of defects per phone: (a) Determine the probability of 2 or more defects. (b) Is a randomly selected phone...
-
Refer to the preceding facts for Panthers acquisition of Sandin common stock. On January 1, 2012, Panther held merchandise sold to it from Sandin for $12,000. This beginning inventory had an...
-
13. On August 31, Home Depot sold materials for $6,000 cash that is subject to a 5% sales tax. Home Depot is required by law to collect and send sales taxes to the state. On December 31, Home Depot...
-
Use summation notation to express each of the following calculations: a. Add 1 point to each score, then add the resulting values. b. Add 1 point to each score and square the result, then add the...
-
In what ways is the government debt a potential burden on future generations? What is the relationship between Ricardian equivalence and the idea that government debt is a burden?
-
Consider an economy in which the money supply consists of both currency and deposits. The growth rate of the monetary base, the growth rate of the money supply, inflation, and expected inflation are...
-
Some employers offer tuition reimbursement for their employees who wish to further their education. Do a Web search to find a list of companies that contribute to tuition for their employees. Do you...
-
1. Interpret the phylogenetic tree shown below to answer the following questions. Each letter on the cladogram represents an Operational Taxonomic Unit (OTU). a. Draw a star on the node (branch...
-
the balanced equation. The reactan at yields the least amount of product is theoretical yield in moles. Converts to grams using the molar mass of the product formed). The number of males of product...
-
For the following project development scenario , find the list of main tasks & sub tasks and Create a Gantt chart in Projectible software. XYZ Bank LLC wants to develop Online Banking System so that...
-
The graph for the given constraints is shown below. Determine the corner points of the feasible region, find the value of the objective function z = 30x +25y for each of the corner points....
-
1. Draw/insert pic of a basic diagram to the right of the phosphorus cycle. 2. Why is phosphorus important? 3. How does it "enter" and "exit" parts of the system? 4: What can it do to an ecosystem if...
-
Could a student who gets a C in one class but a D or worse in everything else have a comparative advantage over someone who gets a B in that class but an A in everything else? Explain this concept...
-
a. What is the cost of borrowing if Amarjit borrows $28 500 and repays it over a four-year period? b. How many shares of each stock would he get if he used the $28 500 and invested equally in all...
-
Are the following statements true or false? Explain in each case. a. Two countries can achieve gains from trade even if one of the countries has an absolute advantage in the production of all goods....
-
Beer and pizza are complements because they are often enjoyed together. When the price of beer rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the...
-
Using supply-and-demand diagrams, show the effect of the following events on the market for sweatshirts. a. A hurricane in South Carolina damages the cotton crop. b. The price of leather jackets...
-
The Big Beaver Company is trying to choose between the following two mutually exclusive projects: Cash Flow (A) Cash Flow (B) Year 0 -$15,000 -$2,000 1 8,500 2,500 2 8,500 2,500 3 8,500 2,500 A. If...
-
The following is a list of items that could be included in the intangible assets section of the balance sheet. (a) Indicate which items on the list below would generally be reported as intangible...
-
How does organizational culture intersect with broader societal norms, values, and trends, and what challenges and opportunities does this present for fostering inclusivity, diversity, and ethical...
Study smarter with the SolutionInn App