The governmentʹs budget deficit or surplus equals the
A) average outlay divided by average revenue.
B) total tax revenue minus total government outlays.
C) change in revenue minus change in outlays.
D) change in outlays divided by change in revenue.
Correct Answer:
Verified
Q25: The largest item of government outlays is_
Q26: Social Security benefits and expenditures on Medicare
Q27: Federal government outlays as a percentage of
Q28: Whenever the federal government spends more than
Q29: By definition, a government budget deficit is
Q31: Expenditures such as Social Security benefits, farm
Q32: A government incurs a budget deficit when
A)
Q33: If the federal governmentʹs tax revenues are
Q34: Which of the following is NOT
Q35:
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