What is the difference between the federal budget deficit and federal government debt?
...
What is the difference between the federal budget deficit and federal government debt?
a. the federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (t < g + tr), financed through corporate bonds. the federal government debt is the accumulation of all past deficits.
b. the federal budget deficit is the year-to-year surplus in tax revenues relative to government spending (t > g + tr), financed through government bonds. the federal government debt is the accumulation of all past deficits.
c. the federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (t < g + tr), financed through government bonds. the federal government debt is the accumulation of all past deficits.
d. the federal budget debt is the year-to-year short fall in tax revenues relative to government spending (t < g + tr), financed through government bonds. the federal government deficit is the accumulation of all past debts.
Answers: 2
Another question on Business
Business, 21.06.2019 16:30
Copyright law protects the expression of an idea so blank is protected by copyright
Answers: 1
Business, 22.06.2019 02:00
Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:
Answers: 2
Business, 22.06.2019 14:20
For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?
Answers: 3
Business, 22.06.2019 16:00
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
You know the right answer?
Questions
Biology, 28.06.2019 22:10
Arts, 28.06.2019 22:10
Computers and Technology, 28.06.2019 22:10
Social Studies, 28.06.2019 22:10
History, 28.06.2019 22:10
English, 28.06.2019 22:10
Mathematics, 28.06.2019 22:10
History, 28.06.2019 22:10
Business, 28.06.2019 22:10
