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Federal expenditures

Which of the following correctly describes the national debt? a. The excess of annual federal expenditures over annual federal tax revenues.b. Federal expenditures less annual federal tax revenues plus foreign U.S. annual bonds purchases.c. The total amount of money owed by the federal government.d. None of the answers above are correct.

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Budget surplus

Which of the following statements about crowding out is true? a. It can completely offset the multiplier.b. It is caused by a budget deficit.c. It is not caused by a budget surplus.d. All of the answers above are correct.

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Foreigners

The portion of the U.S. national debt held by foreigners a. represents a burden because it transfers purchasing power from U.S. taxpayers toother countries.b. is an accounting entry that represents no real burden.c. decreased as a proportion of the total debt during the 2000s.d. has been constant for many decades.

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Completeness of Portfolium profile

Examine the work of one of the peers with which you linked to in Week 5. You will be looking at the following elements: portfolio link that i will peer review https://portfolium.com/RebeccaBanks Completeness of Portfolium profileCorrectness (absence of errors such as typos or spelling errors)Incorporation of quality artifactsResearch on the basics of e-portfolios and importance today

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Government spending

Supply-side economists argue that less government spending a. will contract the productive side of the economy.b. will result in more crowding out.c. causes higher rates of unemployment and inflation.d. would cause interest rates to increase dramatically.e. would make more investment capital available at lower rates of interest to the private sector.

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Percentage

When measured as a percentage of GDP, the U.S. national debt reached its highest levels as a result of a. World War II.b. the Vietnam War.c. the Reagan defense build-up and tax cuts.d. the Obama economic recovery program.

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Commodity money

What backs the U.S. dollar? Include the distinction between commodity money and fiat money in your answer. What are the components of the most narrowly defined money supply in the United States? Distinguish between M1 and M2. What are near monies?

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