A budget surplus occurs when:
A) imports exceed exports.
B) government spending exceeds government revenue.
C) discretionary spending exceeds automatic spending.
D) government revenue exceeds government spending.
Correct Answer:
Verified
Q81: _ income taxes and payroll taxes _
Q82: Government spending adds directly to GDP through
Q83: Fiscal policy is increased in its effectiveness
Q84: Fiscal policy works best when it is:
A)general,
Q85: When governments borrow in financial markets to
Q87: The government's debt is:
A)always zero by the
Q88: In December 2019, U.S. debt held by
Q89: Net government debt is:
A)total public debt, adjusted
Q90: The existence of automatic stabilizers means that
Q91: Payroll taxes are 6.2%, and Medicare taxes
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