When a government earns more than it spends in revenue, we say that it has a:
A) budget surplus.
B) budget deficit.
C) federal debt.
D) federal deficit.
Correct Answer:
Verified
Q142: Which taxes are used to pay for
Q143: High-income countries tend to collect _ as
Q144: Discretionary spending involves public expenditures that:
A)have to
Q145: While corporations bear the statutory incidence of
Q146: Deficits and surpluses are commonly calculated as:
A)debt
Q148: Entitlement spending:
A)is public expenditure that is mandated
Q149: If the federal government brings in $3
Q150: Which of the following is an example
Q151: Federal government spending in the United States:
A)has
Q152: The U.S. Social Security system pays current
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