The government collects tax revenues of $100 million and has $105 million in outlays. The budget balance is a
A) deficit of $5 million.
B) surplus of $105 million.
C) surplus of $100 million and a deficit of $105 million.
D) deficit of $105 million.
E) surplus of $5 million.
Correct Answer:
Verified
Q71: Needs-tested spending
A)increases as real GDP increases.
B)makes recessions
Q72: Q73: Since 2000, the U.S. government has generally Q74: The magnitude of the tax multiplier is Q75: If the government reduces expenditure on goods Q77: The structural deficit or surplus is the Q78: If the federal government has a budget Q79: Automatic stabilizers are defined as Q80: In the labor market, the income tax Q81: The structural surplus
A)difference
A)actions taken by
A)equals the actual surplus plus
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