Suppose that in 2012 the average citizen's federal tax bill is $4,872,and total federal spending is $6,532 per person.In 2012,the federal government will have
A) a budget surplus.
B) a budget deficit.
C) horizontal equity.
D) vertical equity.
Correct Answer:
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Q44: A transfer payment is a government payment
A)to
Q54: Table 12-1 Q55: For state and local governments,sales taxes and Q56: Which of the following contributes to the Q57: Most health care economists believe that it Q61: The U.S.federal government spends its revenues in Q62: As government debt increases, Q69: The government finances the budget deficit by Q82: Public schools,which educate most students through high Q130: State and local government spending on public
A)Congress will reduce spending
A)borrowing
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