The government's annual primary budget deficit is equal to the
A) decrease in the stock of government debt during the course of a year.
B) excess of government's program expenditures over tax revenues in a given fiscal year.
C) excess of current revenue over current expenditure.
D) total amount of government spending on program expenses, personnel, and capital outlays.
E) accumulation of government borrowing.
Correct Answer:
Verified
Q77: The diagram below shows two budget deficit
Q78: When a government changes its fiscal policy,
Q79: The diagram below shows the budget deficit
Q80: The government's primary budget deficit (or surplus)is
Q81: An annually balanced government budget is a
A)stabilizer
Q83: Consider an open- economy AD/AS macro model.
Q84: Consider a government with a positive stock
Q85: Suppose that in Year 2 there was
Q86: Implementation of cyclically balanced government budgets
A)is successfully
Q87: Until the onset of the most recent
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents