When a government spends more than it earns in revenue,we say that it has a:
A) budget deficit.
B) budget surplus.
C) budget crisis.
D) federal debt.
Correct Answer:
Verified
Q131: Deficits and surpluses are commonly calculated as:
A)a
Q133: It is difficult to balance the budget
Q135: The taxes used to pay for Social
Q138: FICA,the tax that supports Medicare and Social
Q139: If the federal government brings in $3
Q142: Entitlement spending:
A) is public expenditure that is
Q143: A public expenditure that has to be
Q144: Discretionary spending involves public expenditures that:
A)have to
Q146: Instead of trying to balance the budget
Q152: An example of entitlement spending is:
A) national
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