Economics Today: The Macro View (19th Edition)

Chapter 14

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Taxpayers will ultimately provide the funds for ... more

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Future generations will carry the burden if the ... more

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Assets owned by a country are limited. Moreover, ... more

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If all the governments offered similar assets for ... more

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The expenditures which are related to entitlements... more

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Public debt will increase if the government ... more

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$0.4 trillion ; Identify the formula for ... more

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Deficit as a percentage of the GDP for 2019: 2.82 ... more

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The effects of a higher public debt are the same ... more

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Net public debt is estimated by subtracting the ... more

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Some portions of the federal budget deficit are ... more

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The equilibrium real GDP will rise along with the ... more

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In the short run, a rise in government deficit ... more

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The major fallacy in the claim is that lower-than-... more

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The total taxable income of the rich is rarely ... more

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The fact shows that the government is borrowing to... more

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The net public debt is more likely to be ... more

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The figure shows the budget deficit as a ... more

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The federal deficits add to the net public debt. ... more

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The fraction of borrowed funds spent to fund ... more

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If the effect of budget deficit is zero on the ... more

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