Whenever the federal government spends more than it receives in tax revenue, then by definition it
A) increases economic growth.
B) runs a budget surplus.
C) operates a balanced budget.
D) runs a budget deficit.
Correct Answer:
Verified
Q52: Q53: The budget deficit Q54: If the federal government's tax revenues are Q55: The U.S. government's budget Q56: If taxes exactly equaled government outlays in Q58: The largest source of revenue for the Q59: Social Security benefits and expenditures on Medicare Q60: By definition, a government budget deficit is
A) decreased during the Bush
A) must be balanced
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents