Illustrate what are the three major categories of revenues

Assignment Help Macroeconomics

Reference no: EM1333776

Federal government revenue and budgeting

Macro-economic choices, particularly in the areas of fiscal policy, are not just about economics but about deeply social goals and values as well. This Case asks you to think about some of these dimensions.

The Congressional Budget Office (CBO) prepares reports for congress. It is a non-partisan office.

For this Case, please read "The Budget Outlook" section of the CBO's The Budget and Economic Outlook: Fiscal Years 2009 to 2019, dated January 2009, at

1. What are the three major categories of revenues for the federal government? Please comment on each and indicate their relative importance to each other.

2. What are the three major categories of expenditures for the federal government? Please comment on each and indicate their relative importance to each other.

3. Discuss the current level of the Federal debt, the past trend of that debt, and the future forecast for its level. Discuss your concerns about the debt and level of associated interest expense.

4. Assume you are the Chief Economic Advisor to the President of the United States, what recommendations would you make to reduce the budget deficit. Please be as explicit as possible. Saying general things such as i would suggest forming a committee is not acceptable.

Reference no: EM1333776

Questions Cloud

Elucidate which of the following theories of expectations : Elucidate which of the following theories of expectations holds that individuals usa all information available in forming expectations.

Find the truth behind a newspaper article : How does one find the truth behind a newspaper and magazine article? Explain your answer.

Explain online and traditional business : Explain Online and Traditional Business and Discuss the organizational structure of one traditional and one online retailer

Explain about this idea in other scenarios : The only way I believe computers and television would work is when you tape television shows that can be used to give flavor to PowerPoint Presentations. Television clips in a PowerPoint Presentation could be used to grab a viewer's attention.

Illustrate what are the three major categories of revenues : Illustrate what are the three major categories of revenues for the federal government. Please comment on each and indicate their relative importance to each other.

Criterion development and performance evaluation : What criteria or standards do I/O consultants use when developing selection systems and Include some specific examples of criteria or standards from this week's readings or the literature

Computing the value of bond : Suppose that two years after the bonds were issued, the required interest rate fell to 7 percent. What would be the bond's value?

Reforming state legislature : How would you justify these reforms to a state legislature?

Differences between qualitative and quantitative : Describe the differences between Qualitative and Quantitative and use a real example of using these differences.

User Account

All Pages