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The federal budget deficit for the fiscal year 2009 was approximately $1.4 trillion. This marked one of the largest deficits in U.S. history, primarily driven by the economic recession and increased government spending aimed at stimulating the economy. The deficit was a result of falling tax revenues coupled with rising expenditures, including bailouts and stimulus measures.
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What is the relationship between the demand-side and the federal budget deficit?
Describe the relationship between demand-side economics and the federal budget deficit.
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
What is the yearly amount by which federal spending exceeds revenue?
budget deficit.
The federal government runs a budget deficit when its?
the govt spends more than they have
Which of the following situations could cause a budget deficit for the federal government?
there is a recession
What is the relationship between the demand-side and the federal budget deficit?
Describe the relationship between demand-side economics and the federal budget deficit.
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
Does the federal deficit add to the federal debt?
A budget deficit can lead to more borrowing thereby impacting on the national debt
What effect did the deal have on the federal budget?
the surplus became a deficit
What happens if tax revenue of the federal government exceeds spending?
There is a federal budget deficit.
What effect. did the new deal have on the federal. budget?
the surplus became a deficit
What is the yearly amount by which federal spending exceeds revenue?
budget deficit.
When will the government have a budget deficits?
The United States federal government has had a budget deficit since World War 1. Historically, any war that the United States is involved in leaves a big deficit.
What record number did the federal budget deficit reach in 2004?
$413 Billion
The federal government runs a budget deficit when its?
the govt spends more than they have
Which of the following situations could cause a budget deficit for the federal government?
there is a recession
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
