A government budget deficit occurs when
A) government spending is more than what it collects in taxes.
B) U.S. consumers buy more than U.S. producers produce.
C) the value of U.S. imports exceed the value of U.S. exports.
D) foreign holdings of American assets exceed American holdings of foreign assets.
Correct Answer:
Verified
Q43: Q44: A government incurs a budget deficit when Q45: The government's budget deficit or surplus equals Q46: Q47: A government surplus is defined as Q49: A budget surplus occurs when government Q50: A budget deficit is the difference between Q51: When tax revenues exceed outlays, the government 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
A)
A) interest
A) tax
A)
