Bureaucracy
There are some people who object to the federal government “
getting too big.” Is big government desirable or is small
government attainable? Discuss.
This is Government 2305 class
How big is the U.S. National Debt? What percentage is it of our
GDP? Is this a problem? How does it get repaid?
4 questions that's all in 1 answer please.
Thank you
In April of this year the federal government started to
provide $600 per week in extra unemployment insurance payments to
people. Show graphically and explain how this affects the labor
market and the unemployment rate assuming that wages stay
constant.
Assume the federal government replaces the federal income tax
with national sales tax on all consumption expenditures. Analyze
the impact of this tax change on taxation efficiency and equity.
Note that the federal government already collects a nationwide
consumption tax through excise taxes on gasoline, liquor, and
tobacco.
What is the difference between the federal budget deficit and
the national debt?
a. The budget deficit is the amount by which expenditures exceed
revenues in a particular year, while the national debt is the
cumulative effect of all past budget deficits and surpluses.
b. The national debt includes all outstanding bonds, while the
budget deficit excludes bonds held by government agencies.
c. The budget deficit is the cumulative effect of all prior
national debts.
d. There is no difference...