Multiple Choice
In 2007,France's government had revenue of $1.287 trillion while expenditures totalled $1.356 trillion. GDP was $2.56 trillion.In 2007,the government budget balance was ________ and government debt ________.
A) -$0.69 billion; increased
B) $1.27 trillion; increased
C) $0.69 billion; decreased
D) $1.02 trillion; decreased
Correct Answer:
Verified
Related Questions
Q181: Suppose that real GDP equals potential GDP,
Q184: If the government's budget is in surplus
Q185: Q187: In 2007, Denmark's government had expenditures of![]()