Which of the following correctly represents the budget deficit?
A) Tax revenue - government purchases
B) Tax revenue - government outlays
C) Government purchases - tax revenue
D) Government outlays - tax revenue
E) Government outlays - tax revenue - transfer payments.
Correct Answer:
Verified
Q40: In the long run,large and continuing budget
Q41: Government outlays
A) are the same as "G"
Q42: The national debt must be paid back
Q43: If the national debt is growing no
Q44: As a percentage of GDP,non-military government purchases
Q46: Federal revenue as a percentage of GDP
Q47: In the long run,
A) fiscal policy has
Q48: An economic expansion causes
A) the federal budget
Q49: Which of the following cases represent the
Q50: The government can safely take on more
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