In a given year,the federal government's revenues are $315 billion,its expenditures are $300 billion and Canada's GDP is $1500 billion.As a result there is a budget:
A) surplus equal to 0.1 percent of GDP
B) deficit equal to 0.1 percent of GDP
C) deficit equal to 1 percent of GDP
D) surplus equal to 1 percent of GDP
E) deficit equal to 0.01 percent of GDP
Correct Answer:
Verified
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Q41: Functional finance:
A)is designed to increase the MPC
Q42: The drawbacks of fiscal policy include its:
A)potential
Q43: In 2010,debt for all levels of government
Q44: In the late 2000s and early 2010s,Canada's
Q46: According to neoclassical economists before John Maynard
Q47: Public debt charges:
A)are a relatively minor expenditure
Q48: In Year X,the federal government's expenditures were
Q49: The public debt:
A)refers to the debts of
Q50: If government adhered strictly to an annually
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