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WHAT IS The sum of all budget deficits and surpluses is known as?
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∙ 13y ago
fiscal year
Wiki User
∙ 13y ago
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Is the accumulated total of all previous federal budget deficits?
national debt
Is budget deficit a type of budget?
A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the government is going to spend over the next budget period (often a year), and on what. This includes interest the government has to spend on money it has previously borrowed (usually through bonds). If the total to be spent is expected to exceed what the government expects to take in (usually through taxes), the difference is the deficit, often called the "budget deficit". On the other hand, if the government expects to take in more money than it spends, the difference is a surplus, called the budget surplus. A budget that has a deficit is a "deficit budget"; one that has a surplus is called a "surplus budget"; and one that has neither (that is, spending and income are equal) is called a "balanced budget". It's worth noting that "deficit" and "debt" are not the same. The deficit is the amount by which the government overspends its income in a single budgetary period, typically a year. The debt is the total amount of money the government owes, and can be calculated by adding up all the budget deficits and surpluses the government has ever run.
Types of home budget?
One type of household budget is a budget that has all the expenses and income. Another type of budget is for saving up for a major purchase, like a house or car.
What will happen to consumer and producer surplus when a price floor is eliminated?
If the price floor was set below the equilibrium price, then the removal of this price floor would have no effect on producer and consumer surplus. If the price floor was set above the equilibrium price for that product, then prices with shift down again to the equilibrium price. Consumers would want to buy more, and producers would want to sell more, until they reach the equilibrium price and quantity. In other words all surpluses of deficits would eventually disappear.
Classification of budgets?
Master Budget The master budget is also known as The master budget is also known as the financial plan.. Master budgets form the basis of the control systems form the basis of the control systems in organizations. The master budget in organizations. The master budget may take the form of a profit and loss account and form of a profit and loss account and a balance sheet at the end of the a balance sheet at the end of the budget period. It shows the gross budget period. It shows the gross and the net profits and the important and the net profits and the important accounting ratios. Sometimes more accounting ratios.The master budget has two components: the operating has two components: the operating budget and the financial budget. The budget and the financial budget. The operating budget includes the sales operating budget includes the sales budget, cash collections from budget, cash collections from customers, purchases budget, customers, purchases budget, disbursements for purchases, disbursements for purchases, o p eratin g ex p ense bud g ets. operating expense budgets. . ‡FIXED BUDGET: Thisis defined as a budget which is designed to remain unchanged irrespective of the volume of output or turnover attained. This budget will, therefore, be useful only when the actual level of activity corresponds to the budgeted level of activity. 7  SALES BUDGET: Sales budget is the most important budget based on which all the other budgets are built up. This budget is a forecast of quantities and values of sales to be achieved in a budget period. ‡ PRODUCTION BUDGET: Production budget involves planning the level of production which in turn involves the answer to the following questions: a.What is to be produced? b.When is it to be produced? c.How is it to be produced? d.Where is it to be produced? ‡FLEXIBLE BUDGET: CIMA defines this budget as one ³ which, by recognizing the difference in behavior between fixed and variable costs in relation to fluctuations in output, turnover or other variable factors such as number of employees, is designed to change appropriately with such fluctuations´. ‡PERFORMANCE BUDGETING: These days budgets are established in such a way so that each item of expenditure is related to specific responsibility centre and is closely linked with the performance of that standard. ‡CAPITAL EXPENDITURE BUDGET: This is an important budget providing for acquisition of assetsnecessitated by the following factors: a. Replacement of existing assets. b. Purchase of additional assets to meet increased production c. Installation of improved type of machinery to reduce costs. ‡CASH BUDGET: This budget gives an estimate of the anticipated receipts and payments of cash during the budget period. Cash budget makes the provision for minimum cash balance to be maintained at all times. ‡PERSONNEL BUDGET: This budget gives an estimate of the requirements of direct labor essential to meet the production target. This budget may be classified into ± a.Labor requirement budget b.Labor recruitment budget ‡RESEARCH AND DEVELOPMENT BUDGET: This budget provides an estimate of expenditure to beincurred on R & D during the budget period. AR&D budget is prepared taking into consideration the research projects in hand and new R & D projects to be taken up. ‡ZERO BASE BUDGETING: The zero basebudgeting is not based on the incremental approach and previous figures are not adopted as the base. Zero is taken as the base and a budget is developed on the basis of likely activities for the future perio
Is the accumulated total of all previous federal budget deficits?
national debt
Do Democrats cause more budget deficits than Republicans?
yes, because they give money from the greedy old people (GOP) and give it to the poor, instead of just keeping money all for themselves.
Is budget deficit a type of budget?
A budget deficit is one element of some budgets but is not a "type" of budget. You may be thinking of a "deficit budget" (see below). To start: a budget is simply a spending plan - how much the government is going to spend over the next budget period (often a year), and on what. This includes interest the government has to spend on money it has previously borrowed (usually through bonds). If the total to be spent is expected to exceed what the government expects to take in (usually through taxes), the difference is the deficit, often called the "budget deficit". On the other hand, if the government expects to take in more money than it spends, the difference is a surplus, called the budget surplus. A budget that has a deficit is a "deficit budget"; one that has a surplus is called a "surplus budget"; and one that has neither (that is, spending and income are equal) is called a "balanced budget". It's worth noting that "deficit" and "debt" are not the same. The deficit is the amount by which the government overspends its income in a single budgetary period, typically a year. The debt is the total amount of money the government owes, and can be calculated by adding up all the budget deficits and surpluses the government has ever run.
What is the sum of all unresolved annual deficits?
debt
Do people pay taxes towards the American debt?
Yes. The debt is a total of all previous budget deficits, just as your total credit-card bill is a sum of all the months you've over-spent your monthly income. The interest on that debt is about 20% of the current budget, and yes, that interest is paid for out of general tax revenue.
Is Nancy pelosi doing a good job as speaker?
NO! California is overwhelmed with illegal immigrants and the budget deficits reflect this. She is all for safe havens for illegals even though they are part of the reason for california's budget catastrophes. If she can't do the right thing for her home state how could she do a good job for the country?
Food surpluses allowed cultures to more with each other?
all of the above
Why did surpluses lead to the growth of trade?
Surpluses led to the growth of trade because excess goods could be exchanged or sold to acquire other goods that were scarce. This created a system of trade where different regions specialized in producing certain goods and then traded them for items they could not produce themselves. This allowed for the expansion of trade networks and facilitated economic growth.
What are the advantages of GATT?
GATT is now known as WTO. The advantages are the tariffs in the industrial sector have lowered all across the world. Many trade disputes have been settled. They encourage countries from maintaining huge trade deficits.
What was the Production Budget for All About Steve?
The Production Budget for All About Steve was $15,000,000.
What was the Production Budget for She's All That?
The Production Budget for She's All That was $10,000,000.
What was the Production Budget for All or Nothing?
The Production Budget for All or Nothing was $9,000,000.
