ECO 203 Week 3 Discussion Question 2 Budget Deficits and the National Debt
www.uophelp.com Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.) In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national debt will affect the economy in the future? Reference: Chapter 10, section 10.1: Debt and Deficits, and section 10.4: Do Deficits Matter?
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Between 2007 and 2011 the federal budget deficit grew from $160.7 billion to $1,299.6 billion, and the national debt grew from $8.9 trillion to $14.8 trillion. (Figure 10.1: The ratio of debt to GDP, 1977-2011.)Â
In your post, differentiate the budget deficit from the national debt. How do you think the increases in the budget deficits and the national debt will affect the economy in the future?
Reference: Chapter 10, section 10.1: Debt and Deficits, and section 10.4: Do Deficits Matter?
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<strong>ECO</strong> <strong>203</strong> <strong>Week</strong> 3 Quiz<br />
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Quiz<br />
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1. <strong>Question</strong> :<br />
The time between <strong>the</strong> legislation of<br />
fiscal policy <strong>and</strong> its effect on output <strong>and</strong> employment is called<br />
2. <strong>Question</strong> :<br />
The federal income tax is<br />
3. <strong>Question</strong> :<br />
The largest single item in <strong>the</strong><br />
federal budget is<br />
4. <strong>Question</strong> :<br />
The Investment Tax Credit<br />
5. <strong>Question</strong> :<br />
The measured deficit would be<br />
larger if<br />
6. <strong>Question</strong> :<br />
Opponents of discretionary fiscal<br />
policy believe that it<br />
7. <strong>Question</strong> :<br />
Keynes blamed economic<br />
downturns primarily on<br />
8. <strong>Question</strong> :<br />
Keynes argued that planned saving<br />
was<br />
9. <strong>Question</strong> : A structural deficit<br />
10. <strong>Question</strong> :<br />
When aggregate planned<br />
expenditure falls short of potential output, <strong>the</strong> economy<br />
experiences
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