A ______________________ is created each time the federal government spends more than it collects in taxes in a given year.

Business

1 answer:

Vlad [161]3 years ago

8 0

Answer:

Budget deficit / Fiscal deficit

Explanation:

At the start of the year, every government prepares a budget e.g. all sources of revenue (direct taxes, indirect taxes, aids etc) and projected expenses are also mentioned (development of society, defense etc.).

When a government spends more than its revenue from taxes so it means that government is running a budget deficit or a fiscal deficit which are covered through fiscal measures by government e.g. increasing taxes or reducing public spending.

You might be interested in

What is the value of (123)°?

Maksim231197 [3]

Explanation:

The value refers to the worth of each digit depending on where it lies in the number. We calculate it by multiplying the place value and face value of the digit. Value=Place Value × Face Value. For instance: If we consider a number 45.

5 0

2 years ago

What qualifications are the officials of lilliput expected to have in order to hold high office?

kifflom [539]

<span>The officials are expected to have a very good sense of balance. To achieve the office in the first place, the officials are required to cross a tightrope suspended above the ground, reach the middle, and jump as high as they can without falling or otherwise injuring themselves.</span>

6 0

2 years ago

PLEASE HELP!!!!!

Eddi Din [679]

B I think but hope I helped prob not tho

4 0

2 years ago

Read 2 more answers

A city that is attempting to attract a professional football team is planning to build a new stadium costing $500 million. Annua

garik1379 [7]

Answer:

Capitalized cost = - $510,758,686.20

Explanation:

Interest rate = r = 10%, or 0.10

Present value of base cost = $500 million = $500,000,000

Present value of annual upkeep = $1,000,000 / r = $1,000,000 / 0.10 = $10,000,000

Present value of the replacement cost of artificial turf every 20 years = ($2,000,000 * (r / (((1 + r)^20) - 1)) / r = ($2,000,000 * (0.10 / (((1 + 0.10)^20) - 1)) / 0.10 = $349,192.50

Present value of painting every 5 years = ($250,000 * (r / (((1 + r)^5) - 1)) / r = ($250,000 * (0.10 / (((1 + 0.10)^5) - 1)) / 0.10 = $409,493.70

Therefore, we have:

Capitalized cost = - Present value of base cost - Present value of annual upkeep - Present value of the replacement cost of artificial turf every 20 years - Present value of painting every 5 years = - $500,000,000 - $10,000,000 - $349,192.50 - $409,493.70 = - $510,758,686.20

6 0

2 years ago

when a person intentionally deceives another person or company for personal gain, this is referred to as

murzikaleks [220]

A ‘con’ maybe? only thing i can think of

6 0

2 years ago