Question Question 1 (3 points) For the next 6 questions use the following information

Question 1 (3 points)

For the next 6 questions use the following information:
Revenues Expenditures
Year 1 $100 billion $100 billion
Year 2 $100 billion $250 billion
Year 3 $100 billion $150 billion
Year 4 $100 billion $150 billion
Year 5 $200 billion $150 billion
At the completion of year 1, which is true?

Question 1 options:
The budget has a surplus of $100 billion
The national debt is $100 billion
The budget has a deficit of $100 billion
There is a balanced budget
Save

Question 2 (3 points)

Using the following budget
Revenues Expenditures
Year 1 $100 billion $100 billion
Year 2 $100 billion $250 billion
Year 3 $100 billion $150 billion
Year 4 $100 billion $150 billion
Year 5 $200 billion $150 billion
At the completion of year 2, which is true?

Question 2 options:
The budget has a surplus of $350 billion
The national debt is $250 billion
The budget has a deficit of $150 billion
There is a balanced budget
Save

Question 3 (3 points)

Using the following budget
Revenues Expenditures
Year 1 $100 billion $100 billion
Year 2 $100 billion $250 billion
Year 3 $100 billion $150 billion
Year 4 $100 billion $150 billion
Year 5 $200 billion $150 billion
At the completion of year 3, which is true?

Question 3 options:
the government has experienced deficit growth
the government experienced zero deficit growth
the government has experienced deficit reduction
the national debt did not grow
Save

Question 4 (3 points)

Using the following budget
Revenues Expenditures
Year 1 $100 billion $100 billion
Year 2 $100 billion $250 billion
Year 3 $100 billion $150 billion
Year 4 $100 billion $150 billion
Year 5 $200 billion $150 billion
At the completion of year 4, which is true?

Question 4 options:
the government’s deficit increased by $50 billion
the government experienced zero deficit growth
the government’s deficit increased has by $150 billion
the government’s debt increased by $50 billion
two of the above are correct
Save

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.