If the federal government's tax revenues are greater than its outlays, then the federal budget has a
A) balanced budget.
B) transfer payment.
C) deficit.
D) surplus.
Correct Answer:
Verified
Q49: A budget surplus occurs when government
A) tax
Q50: A budget deficit is the difference between
A)
Q51: When tax revenues exceed outlays, the government
Q52: Q53: The budget deficit Q55: The U.S. government's budget Q56: If taxes exactly equaled government outlays in Q57: Whenever the federal government spends more than Q58: The largest source of revenue for the Q59: Social Security benefits and expenditures on Medicare
A) decreased during the Bush
A) must be balanced
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