A federal surplus of $100 billion means that
A) the government has a total debt of $100 billion.
B) government spending is $100 billion a year.
C) the government is spending $100 billion a year less than it is collecting in taxes.
D) the government plans on collecting $100 billion in taxes this year.
Correct Answer:
Verified
Q1: If the government's spending exactly equals its
Q2: Other things being equal, during a period
Q4: If the government spends more than it
Q5: When government revenues exceed government outlays in
Q6: Which of the following statements about the
Q7: In the current year, a nation's government
Q8: If the public debt increased by the
Q9: When government spending exceeds government revenues during
Q10: How does the federal government finance a
Q11: If the government spends exactly what it
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