The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a--------------------and country B had a--------------------.
A) balanced budge; budget surplus
B) budget surplus; balanced budget
C) balanced budget; budget deficit
D) budget surplus; budget surplus
E) budget deficit; budget deficit
Correct Answer:
Verified
Q101: Q102: When government outlays are less than tax Q103: The balanced budget multiplier is Q104: Which of the following is true? Q105: The government collects tax revenues of $100![]()
A)greater than zero
A)Discretionary fiscal
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