Solved

If Tax Revenue Equal $1

Question 47

Multiple Choice

If tax revenue equal $1.5 billion and government outlays equal $1.6 billion, then the


A) government debt is equal to $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 declines by $0.1 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42:

Q43: If the government has a balanced budget,

Q44: The U.S. governmentʹs budget
A) has mostly been

Q45: A country has been in existence for

Q46: Suppose a country has been running a

Q48: In 2011, the U.S. government budget had

Q49:

Q50:

Q51: Suppose the only revenue taken in by

Q52: If the government runs a surplus, the

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents