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-If Government Revenues Are $230 Billion and the Government's Expenses

Question 20

Multiple Choice

-If government revenues are $230 billion and the government's expenses are $235 billion, then the budget A) deficit is $5 billion and government debt will increase by $5 billion. B) deficit is $5 billion and government debt will remain the same. C) surplus is $5 billion and government debt will increase by $5 billion. D) surplus is $230 billion and the budget deficit is $235 billion. E) deficit is $5 billion and government debt will decrease by $5 billion.
-If government revenues are $230 billion and the government's expenses are $235 billion, then the budget


A) deficit is $5 billion and government debt will increase by $5 billion.
B) deficit is $5 billion and government debt will remain the same.
C) surplus is $5 billion and government debt will increase by $5 billion.
D) surplus is $230 billion and the budget deficit is $235 billion.
E) deficit is $5 billion and government debt will decrease by $5 billion.

Correct Answer:

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