When tax revenues minus outlays is
I.positive,the government has a budget surplus.
Ii.negative,the government has a budget deficit.
Iii.zero,the government has a balanced budget.
A) i,ii,and iii
B) i and ii only
C) ii and iii only
D) i only
E) iii only
Correct Answer:
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Q6: When government outlays exceed tax revenue,the situation
Q7: The federal budget
A)is required to balance by
Q8: When tax revenue exceed the government's outlays,the
Q9: When tax revenue _ outlays is positive,then
Q10: Q12: When the government's expenditures exceed its tax Q13: Q14: If the federal government has a budget Q15: When the government's outlays equal its tax Q16: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
