If central government's spending exceeds its tax receipts in the current year by £x, the country is said to have a______of £x.
A) budget deficit
B) national debt
C) public sector net cash requirement
D) monetary deficit
Correct Answer:
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Q2: If the budget deficit is lower than
Q3: The difference between what central and local
Q4: Say that in 2013, the government collected
Q5: Which of the following statements is false?
Q6: The excess of the central government's tax
Q7: When a country has a positive public
Q8: The accumulated budget deficit (less any surpluses)
Q9: When a country has a public sector
Q10: If a government had a PSDR for
Q11: If the total expenditure of the UK
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