Answer:
SOCIAL STUDIES
1.What is the Fiscal Policy?
Fiscal policy is the means by which a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.
2. What are the methods of the Fiscal Policy?
The two main tools of fiscal policy are taxes and spending. Taxes influence the economy by determining how much money the government has to spend in certain areas and how much money individuals should spend. For example, if the government is trying to spur spending among consumers, it can decrease taxes.
3. What is the national budget?
President Trump's budget for FY 2021 totals $4.829 trillion, eclipsing all other previous budgets. Mandatory expenditures, such as Social Security, Medicare, and the Supplemental Nutrition Assistance Program account for about 60% of the budget. For FY 2021, budget expenditures exceed federal revenues by $966 billion.
4. What is the value of fiscal policy in the country?
Fiscal policy is an important tool for managing the economy because of its ability to affect the total amount of output produced—that is, gross domestic product. The first impact of a fiscal expansion is to raise the demand for goods and services. This greater de
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