Personal Debt-Information On Average Personal Debt, Personal Debt Consolidation Loan, Personal Debt Consolidation

Robert R asked:


from inflation, hyperinflation, and a complete currency collapse?

does the debt just erase? go away? What happens? Should I consider going into debt to buy necessities and stock up on goods, maybe take on debt to buy gold and silver?

Hassan Handel

Shahid Afridi asked:


a. Deficits and the debt are often measured relative to GDP because the government’s ability to service the debt and to repay the debt depends on GDP.
b. The larger GDP grows, the greater the ability of the government to handle debt.
c. Government debt is different from an individual’s debt because much of the government’s debt is external and can therefore be reneged on at any time without adverse consequences.
d. A constant debt/GDP ratio in a growing economy is consistent with a continual deficit.

29. The difference between government debt and personal debt is that:
a. Government can print money to pay off its debt.
b. internal debt makes the citizens of that nation poorer.
c. external debt makes the citizens of that nation richer.
d. there is no difference between the two.

30. Debt is:
a.accumulated deficits minus accumulated surpluses
b.accumulated deficits multiplied by accumulated surpluses
c.most recent surplus minus last 5 deficit
d.most recent deficit minus last 5 surplus

31. Public finance refers to the changing of taxes and reserve requirement that affects the level of output in the economy. True/false

32. According to the Ricardian equivalence theorem, people increase savings when the government increases deficits because they recognize the link between government deficits and higher future taxes. True/false

33. Financing expansionary fiscal policy by increasing the deficit does not generally affect interest rates. True/false

34. Crowding out is the offsetting effect on private expenditures caused by the government’s sale of bonds to finance expansionary fiscal policy. True/false

35. The effectiveness of monetary and fiscal policy depends on how the expectations of individuals are determined. True/false

36. New Classical economists differ from old Classical economists in that New Classicals believe in the Ricardian equivalence theorem as a practical proposition. True/false

Byron Neaves

asked:


I’m very uninformed in this area because I don’t really follow it, but I’ve heard a lot of pundits question why we’re doing this. National debt isn’t like personal debt, I mean we should pay it off buy we don’t have to bankrupt ourselves doing it. Could someone aware me on the situation?

Lester Javens

WasheduponShore12 asked:


output and price level will increase

output will increase and price level will be indeterminate

output will be indeterminate but price level will decrease

output will be indeterminate but price level will increase

output will decrease but price level will be indeterminate

Anderson Roussell

Tahira asked:


Corporation tax – 1500
Direct Tax paid by household – 6500
Household final consumption expenditure – 24500
Savings of private corporate sector – 3500
Interest on national debt – 2000
Household saving – 7500

I have done few questions before, but for some reason I can’t seem to do this one….
A little help please?

Thanks.

Elliot Fontan

asked:


I suggest that the most powerful weapon of mass destruction is DEBT.

During the “cold war”, we had MAD (Mutual Assured Destruction). Now, we dont have the American-Soviet threat anymore, but we still have MAD: Mutual Assured DEBT.

Global debt. Personal debt. International debt. Corporate debt. Government debt. Insolvency. Deficits. Global inter-related and inter-dependent debt.

National power is measured by which country has the most debt, and the strongest military. If any one country goes bankrupt, it brings down everybody else: MUTUAL ASSURED DEBT (MAD).

Am I right? Or wrong?

Jeffery Sprowls

BlankBlank asked:


Can anyone provide information regarding the links between CAD, foreign debt and the impact of exchange rate changes on the level of economic activity.

Personal responses, websites, are all usefull. I am just trying to collect data that maybe necessary for an upcoming test that might ask such a question.

Linda

clambacke asked:


In any other nation, wich would have 4 times its annual tax income as national debt, a personal debt of 40% of its annual average (beside mortgage) and not much industrie other the Big Oil and Military to speak of, the population would hang their politicians on the next tree. Instead here, we discuss everything but. Are we brainwashed?

Brett

normalicy asked:


Mortgage, consumer, and credit card. A total might work but would prefer to have the break down by month or year.

Thanks

Jennell Dolder

Jack asked:


Total UK personal debt including mortgages is £1.4 trillion.

Am I missing something?

Trinidad Clearo