In the 2013/14 Commonwealth budget,the Australian government had revenues of $374 billion and expenses of $414 billion.The budget
A) surplus was $20 billion.
B) deficit was $40 billion.
C) deficit was $23 billion.
D) was balanced because every dollar the government spends it must raise.
E) surplus was $40 billion.
Correct Answer:
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Q1: When revenues exceed the government's expenses, the
Q2: When government expenses exceed revenues,the situation is
Q6: The government has a budget surplus if
A)
Q6: The largest Commonwealth government expenses in the
Q7: When the government's expenses equal its revenues,
Q8: The use of the Commonwealth budget to
Q9: The two purposes of the Commonwealth budget
Q10: In Australia for the year 2013/14,the Commonwealth
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