--%>
Assignment Help - homework help

Cyclically adjusted budget

Describe the “cyclically adjusted budget,” illustrates its significance, and define why it may differ from the “actual budget.” 

E

Expert

Verified

The cyclically adjusted budget measures what the Federal surplus or deficit would be if the economy attained full-employment level of GDP along with existing tax and spending policies. If the cyclically adjusted budget is balanced, then the government is not engaging in either expansionary or contractionary policy, even if, for instance, a deficit automatically results while GDP declines. The “actual” budget is the deficit or surplus which results while revenues and expenditures take place over a year if the economy is not operating at full-employment.

 

   Related Questions in Finance Basics

  • Q : What is Budget Change Proposal Budget

    Budget Change Proposal (BCP): It is a proposal to modify the level of service or funding sources for activities sanctioned by the Legislature, suggest new program activities not presently authorized, or to remove existing programs.

    Q : What are Salaries and Wages Supplement

    Salaries and Wages Supplement: The annual publication issued in a while after the Governor's Budget, including a summary of all positions by department, unit, and categorization for the past, present, and budget years, as of July 1 of the present year

    		•
  • Q : Define Limited-Term Position

    Limited-Term Position (LT): Any place that has been authorized only for a particular length of time with a set termination date.Limited-term positions might be authorized throughout the budget procedure or in transactions approved by the D

    		•
  • Q : Depict the slope of the line Normal 0

    Normal 0 false false

  • Q : What is Audit Audit : Usually a review

    Audit: Usually a review of financial statements or performance activity (like an agency or program) to establish conformity or compliance with the applicable laws, regulations, and/or standards. The state has three central association

    		•
  • Q : How the production of public goods will

    Normal 0 false false

    		•
  • Q : Financial crisis during 1997-1998

    Describe the Financial crisis during the time period of 1997-1998 ?

    		•
  • Q : Define Programs Programs : The

    Programs: The activities of an association grouped on the basis of common objectives. The programs are included of elements that can be further classified into tasks and components.

    		•
  • Q : Define Overhead Unit Overhead Unit :

    Overhead Unit: The organizational unit which benefits the production of an article or a service however that can’t be directly related with an article or service to share out all of its expenditures to elements and/or work authorizations. The co

    		•
  • Q : Finance Assignment # 4 Can you please

    Can you please Help me with this Assignment the due date is 1/20/14 at 6pm

    		•