The budget deficit or surplus is:
A) easy to calculate since there is only one valid method for computing it.
B) hard to calculate even though there is only one valid method for computing it.
C) hard to calculate since economists disagree on how it should be computed.
D) easy to calculate since economists agree on how it should be computed.
Correct Answer:
Verified
Q22: When the government runs a deficit, it
Q23: A government can finance its budget deficit
Q24: The budget deficit or surplus is:
A)well defined
Q25: Suppose potential income is $60 billion, actual
Q26: A cyclical deficit is the portion of
Q28: If a cyclical surplus exists, the economy
Q29: During World War II, the economic boom
Q30: If actual income is $300 billion, potential
Q31: If actual income is $300 billion, potential
Q32: If taxes and government expenditures were constant
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