The table gives a nation's government outlays and tax revenues for 2015 through 2019.
Fantastic news! We've Found the answer you've been seeking!
Question:
Year | Government outlays (trillions of 2012 dollars) | Tax revenue (trillions of 2012 dollars) |
---|---|---|
2015 | 0.75 | 0.80 |
2016 | 0.80 | 0.83 |
2017 | 0.87 | 0.86 |
2018 | 0.95 | 0.95 |
2019 | 1.06 | 1.02 |
During which years did the country have a budget deficit?
Expert Answer:
Answer rating: 100% (QA)
Answer To determine the years when the country had a budget deficit we need to compare the governmen... View the full answer
Posted Date:
Students also viewed these economics questions
-
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
-
To limit each of the below risks - explain, using one ( 1 ) example, why it is ethically important that the agent holds the appropriate NSW real estate license: Risk to consumer Risk to agency Risk...
-
Multinational oil company ExxonMobil faced many challenges related to climate change. Climate change is taking place because of the greenhouse effect. When solar radiation passes through the...
-
What items should each staff member receive when beginning a veterinary job position?
-
A grocery store's receipts show that Sunday customer purchases have a skewed distribution with a mean of $32 and a standard deviation of $20. a) Explain why you cannot determine the probability that...
-
On July 1, 2010, Dynamic Company purchased for cash 40 percent of the outstanding capital stock of Cart Company. Both Dynamic and Cart have a December 31 year-end. Cart, whose common stock is...
-
You are considering the controls over a client's personnel and payroll activities. System documentation was accomplished with a questionnaire and a narrative memorandum and, in conjunction with a...
-
At January 1, 2017, Youngstown Company reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings.............................$62,200,000 Accumulated...
-
1. Choose a feature of the ocean floor. Describe how you would model this feature. How would your model illustrate the processes above and below Earth's surface that shaped the feature? Did these...
-
1. Calculate the perimeter of a regular octagon with sides equal to 6,7 cm. 2. Calculate the length of a rectangle if its area is equal to 151,38 m and its breadth is 8,7 m. 3. The floor of a room...
-
Current federal student loan rates are about 3.75%. Use a $9000 principal and a 25-year repayment plan. Keep it simple and do not worry about deferments or delayed payments. What is the monthly...
-
Your company is purchasing equipment for $600,000. It belongs to a class with a CCA rate of 20%. What is the maximum allowable CCA to be claimed for year 3'? Assume the half year rule applies. Round...
-
Assume that you estimate the Carlton's will need to pay $218,200 (Year 1 = $49,000, Year 2 = $52,500, Year 3 = $56,300, Year 4 = $60,400)for four years of tuition and room & board while Matthew...
-
Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face amount of $70,000 and a carrying value of $64,168. Record the early retirement of...
-
How can conflict resolution practitioners leverage technology-driven tools, such as artificial intelligence and data analytics, to enhance the efficiency and effectiveness of dispute resolution...
-
Identify the production cost factor(s) that exhibits variable cost behavior. Has (have) the cost factor(s) increased or decreased? Explain why variable costs have increased or decreased.
-
Find the radius of convergence of? 1.2.3 1.3.5 (2n-1) r2n+1 -1
-
In February 2014, Maria bought a diamond necklace for 13,500. In 2017 the necklace was stolen and, as a result, an insurance payment of 14,000 was received in February 2018. In the same month, Maria...
-
Jerome made the following gifts to family members during tax year 2023-24: (1) On 28 May 2023, Jerome made a gift of a house valued at 187,000 to his wife. His uncle had originally purchased the...
-
Yvonne had the following transactions in the shares of Scotia plc: Sally's capital gains tax position in 2023-24 was as follows: You are required to: (a) Calculate Yvonne's chargeable gain. (b)...
Study smarter with the SolutionInn App