If the federal government brings in $1.1 trillion in tax revenues and spends $0.7 trillion,the government has a budget:
A) deficit of $0.4 trillion.
B) surplus of $0.4 trillion.
C) deficit of $1.8 trillion.
D) surplus of $1.1 trillion.
Correct Answer:
Verified
Q139: A tax on the value of a
Q140: Q142: Entitlement spending: Q143: A public expenditure that has to be Q144: Discretionary spending involves public expenditures that: Q145: One interesting feature of federal government spending Q146: Instead of trying to balance the budget Q146: Deficits and surpluses are commonly calculated as: Q147: If the federal government brings in $3 Q148: It is difficult to balance the budget
A) is public expenditure that is
A)have to
A)debt
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