Question: 1. Explain the difference between the budget deficit and the national debt. If the deficit gets turned into a surplus, what happens to the debt?

1. Explain the difference between the budget deficit and the national debt. If the deficit gets turned into a surplus, what happens to the debt?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Dynamic Macroeconomics Questions!

Q:

Explain the difference between the budget deficit and the national debt. If the deficit gets turned into a surplus, what happens to the debt?

Q:

This question looks very long, but I only need question 7 done (first 2 paragraphs) the rest of this stuff is information that might help to complete it. Here is the two questions this one is...

Q:

ECON 214 PROBLEM SET 4 1) Explain the difference between a budget deficit and the national debt. 2) Use the Marginal Income Tax Rates in Figure 15.6 (see p. 463) to compute the following: a. Tax due...

Q:

In 35 sentences answer the following: 1. Explain the difference between a budget deficit and the national debt. 2. As debt to GDP ratios increase for a government, what is likely to happen to the...

Q:

40.The difference between the budget deficit and the national debt is that the deficit is O a. The difference between expenditures and revenues; the debt, the total amount owed by the government. O...

Q:

45. What is the Fed's usual facility as lender of last resort? a. The Weekly auction b. None of the answers c. The Daily auction d. The discount window e. All of the answers 46. What is the Federal...

Q:

Please write answers to all parts of the question (a), (b), (c) in the space below. (10 marks) (a) Explain the difference between a Budget Deficit, Budget Surplus and Balanced Budget? (3 mark) (b) If...

Q:

Explain the following statements in details 7. (a) (i) Distinguish between the terms "economic development' and 'economic growth' with reference to Less Developed Countries (LDC's). (ii) Outline...

Q:

Describe the difference between a federal budget surplus, a federal budget deficit, and the national debt. Briefly describe trends in the U.S. federal budget surplus and deficit, and the national...

Q:

RE192 + GProgrammable Search Engine Book Store Apparel, Gifts & Textbooks Gro X e.com/courses/44119/assignments/969302#submit YouTube M Gmail Maps Translate San Diego State Un Due Feb 13 by 11:59pm...

Q:

A sample of 6 patients was placed on Diet A and 6 on Diet B. The weight losses ( in kg) for each group are: Diet A: 3.7 4.5 7.7 7.8 8.2 10.1. Diet B: 3.7 6.8 6.9 7.2 7.3 10.1. Calcualte the standard...

Q:

What would happen if investors became more risk averse? The slope of the SML would rise. The SML would shift downward but the slope would remain the same. The slope of the SML would fall. The SML...

Q:

The beneficiary of a life insurance policy that you own is you those financially dependent on you the insurance company underwriting the policy your financial advisor

Q:

a. Financial statements should aid the user of the statements in making decisions. In your opinion, would the user of the statements be aided if there were a distinction between financial reporting...