In every year between 1998 and 2008,the Canadian federal government had a
A) budget deficit,indicating that even deep cuts in government spending were not sufficient to alleviate the problem.
B) primary deficit,indicating that tax revenues were insufficient to cover discretionary government expenditures.
C) budget deficit,which contributed to a growing stock of government debt.
D) primary surplus but overall deficit,indicating that tax revenues were more than sufficient to cover discretionary government expenditures.
E) budget surplus,indicating that tax revenues were more than sufficient to cover total government expenditures.
Correct Answer:
Verified
Q33: Consider two economies,A and B.Economy A has
Q34: The government's current spending and taxation policies
Q35: The Canadian federal debt-to-GDP ratio reached a
Q36: If the government's total budget deficit is
Q37: The stock of government debt will continue
Q39: The table below shows government purchases (G),net
Q40: The Canadian federal government's net debt as
Q41: The diagram below shows two budget deficit
Q42: The budget deficit function is graphed with
Q43: The diagram below shows two budget deficit
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