Expenditures such as Social Security benefits, farm subsidies and grants are considered
A) expenditures on goods and services.
B) transfer payments.
C) debt reduction.
D) debt interest.
Correct Answer:
Verified
Q33: A budget surplus occurs when government
A) outlays
Q34: Q35: The government's budget deficit or surplus equals Q36: Which of the following is NOT a Q37: Rank the following federal government outlays from Q39: The budget deficit Q40: In January 2013 certain tax rates increased, Q41: In 2017, the U.S. government budget had Q42: When tax revenues exceed outlays, the government Q43: A new country has been in existence
A) is the total outstanding
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