Statements are true about deficits versus debt

Assignment Help Business Economics

Reference no: EM13974875

Which of the following statements are true about deficits versus debt?

The current year deficit can be subtracted from, the current year debt to find the previous year’s deficit.

The sum of all debts equal the deficit.

The sum of all deficits equal the debt.

If in year 1 the debt is $1 million and the deficit in year 2 in $200,000, the debt in year 2 is $800,000.

If in year 4 the deficit is $2 million and in year 3 the debt is $50 million, the debt in year 4 is $52 million.

Reference no: EM13974875

Questions Cloud

Distinguish among the five design characteristics : Distinguish among the 5 design characteristics identified by Hackman and Oldham. Why is an understanding of these characteristics important for managers to know?

Preference regarding the antitax initiative : Polly Pollster wants to estimate the proportion of voters in the state of Washington that are in favor of an antitax initiative. She will be using a random sam ple (with replacement) of 1,000 voters, and she will record their preference regarding..

Represents a mandatory government outlay : Which of the following represents a mandatory government outlay?

Statements about medicare and social security : Which of the following statements about Medicare and Social Security are false?

Statements are true about deficits versus debt : Which of the following statements are true about deficits versus debt?

The nominal and real deficit of a country grew : Suppose that over the past 50 years, the nominal and real deficit of a country grew from $100 billion to $200 billion. Suppose that, over the same time, real GDP grew from $100 billion to $300 billion. Using __________, we can give an accurate pictur..

Decrease the number of substitutes for some types of labor : We’ve seen that monopolistically competitive firms will try to differentiate their products in order to eliminate substitutes. Are there comparable measures that can be taken in labor markets to decrease the number of “substitutes” for some types of ..

Is it substitution effect or income effect : Is cigarette smoking a normal good or inferior good and why? Is it substitution effect or income effect? Is cigarette smoking any diminishing margin rate?

Calculate the average tax rate on an income : Use the marginal income tax rates shown here to calculate the average tax rate on an income of $100,000. Taxable Income Tax rate $0–$8,700 10% $8,700–$35,350 15% $35,350–$85,650 25% $85,650–$178,650 28% $178,650–$388,350 33% Over $388,350 35% Average..

User Account

All Pages