
-The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________.
A) budget deficit; budget deficit
B) balanced budge; budget surplus
C) balanced budget; budget deficit
D) budget surplus; budget surplus
E) budget surplus; balanced budget
Correct Answer:
Verified
Q2: If the federal government has a budget
Q3: The government has a budget surplus if
A)there
Q6: When government outlays exceed tax revenue,the situation
Q7: The federal budget
A)is required to balance by
Q9: When tax revenue _ outlays is positive,then
Q13: When tax revenues minus outlays is i.
Q14: If the federal government has a budget
Q15: When the government's outlays equal its tax
Q18: When tax revenues equal government outlays,the situation
Q18: In the United States for the year
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