Multiple Choice
If tax revenue equal $1.5 billion and government outlays equal $1.6 billion, then the
A) government debt declines by $0.1 billion.
B) government budget has a surplus of $0.1 billion.
C) government budget has a deficit of $0.1 billion.
D) government debt is equal to $0.1 billion.
Correct Answer:
Verified
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