Multiple Choice
When tax revenues exceed outlays, the government has a , and when outlays exceed tax revenues, the government has a .
A) budget surplus; budget deficit
B) budget surplus; budget debt
C) budget deficit; budget surplus
D) budget debt; budget surplus
Correct Answer:
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Related Questions
Q46: Q47: A government surplus is defined as Q48: A government budget deficit occurs when Q49: A budget surplus occurs when government Q50: A budget deficit is the difference between
A) interest
A) government
A) tax
A)
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