Question: How is it possible for the federal debt to increase in a year when the federal government has a surplus?

How is it possible for the federal debt to increase in a year when the federal government has a surplus?

Step by Step Solution

★★★★★

3.49 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The reported surplus includes both on and off budget it... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

369-B-F-F-M (5427).docx

120 KBs Word File

Students Have Also Explored These Related Finance Questions!

Q:

In Quickbooks Open the Products and Services list and add two new categories: Christmas and DIY Products Add the custom non-inventory items and services by importing the CH11 Products and Services -...

Q:

How is it possible for an employee stock option

Q:

How is it possible for unemployment to be high while at the same time companies are complaining that they are having trouble hiring people?

Q:

How is it possible for a company with positive retained earnings to be unable to pay a cash dividend?

Q:

What are the major funding sources for the federal government, and state and local government? Please discuss major differences between federal government and state and local government financial...

Q:

A pet food distributer creates a canine food combination that is offered to pet retail outlets in sacks of 10 pounds each. The food combination contains turkey and hamburger. The expense per pound of...

Q:

Which action would the Federal Reserve most likely take to increase the money supply? Responses Raise income taxes Raise income taxes Decrease the discount rate Decrease the discount rate Decrease...

Q:

4 Files 3:17 PM Fri May 13 Insert Draw Layout Review View Unit SMacroeconomic Policy Name: HR: POLICY BASICS Use the space below to take notes during class. The Federal Reserve: Monetary Policy:...

Q:

4 Files 3:18 PM Fri May '13 Insert Draw Layout Review View Unit SMacroeconomic Policy Name: HR: FISCAL POLICY Use the space below to take notes during class. Disposable Income: How does a change in...

Q:

HI PLEASE ANSWER ALL 78 MULTIPLE CHOICE QUESTIONS THANK YOU 1. Which of the following will lead to a decrease in both equilibrium price and quantity in a market? a)A decrease in demand b)An increase...

Q:

1- Three students are planning their careers. Robert says he is meticulous and wants to be responsible for financial records and reports at a large corporation. Suzanne says she is a risk-taker and...

Q:

You are a Senior Manager with a large consulting firm looking to become partner in that firm. You need to convince an engineering firm that is taking the next step in its progression of growth....

Q:

Following is the balance sheet of Gibson Company for Year 3: GIBSON COMPANY Balance sheet Assets Cash $ 15,250 Marketable securities 7,700 Accounts receivable 13,460 Inventory 11,150 Property and...

Q:

The Government Securities Discount Rate from Par Value ( face value ) will always move in the sume direction as interest Rates, Le low bond purchane prices occur who interest rates and high bond...

Q:

Consolidating a VIE at the Date of Acquisition Pelican Mountain Resorts uses a financial entity to obtain secured debt. It sells customer timeshare agreements to the entity, who finances the...

Q:

Specialty Auto Racing Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Specialty Auto Racing Inc. on July 31, the end...

Q:

The marketing department of Hercules Ltd. is planning to introduce a new product called H-5. The product details are as follows: Based on the market considerations, the target selling price per unit...

Q:

In each LP problem below solve using the "intersection points" method. This means you will: (a) Rewrite the system of n variables by introducing m slack variables. Display the revised system. (b)...

Q:

1. Lilly Company expects its Sales in January to be $120,000 and expects Sales to grow by 10% each month. 2. All sales are on credit and it collects 60% of all sales in the month of the sale, the...

Q:

What are the major categories ofitemized deductions? Are there any limitations on expenses you may deduct in each of these categories?

Q:

Use equations and a financial calculator to find the following values. See the hint for Problem 2-1. a. An initial $500 compounded for 10 years at 6 percent. b. An initial $500 compounded for 10...

Q:

To the closest year, how long will it take $200 to double if it is deposited and earns the following rates? [Notes: (1) See the hint for Problem 2-1. (2) This problem cannot be solved exactly with...

Q:

Find the future value of the following annuities. The first payment in these annuities is made at the end of Year 1; that is, they are ordinary annuities. (Note: See the hint to Problem 2-1. Also,...

Q:

10 pts Question 1 The size of the typical regional center is approximately: 40,000 to 60,000 SF 80,000 to 100,000 SF 120,000 to 200,000 SF 400,000 to 1,000,000 SF Over 1,000,000 SF

Q:

Titan Mining Corporation has 9.1 million shares of common stock outstanding and 350, 000 4 percent semiannual bonds outstanding, par value $1, 000 each. The common stock currently sells for $39 per...

Q:

JAVA QUestion I have main and image class and extend class already all i need to do is to make task 1 & 2 & 3 and i think i finished 1 & 2 can you check for me and plz do the task 3 plz Task 1 -...