
-The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries.In 2011 country A had a ________ and country B had a ________.
A) budget deficit;budget deficit
B) balanced budget;budget surplus
C) balanced budget;budget deficit
D) budget surplus;budget surplus
E) budget surplus;balanced budget
Correct Answer:
Verified
Q11: When tax revenues minus outlays is
I.positive,the government
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 Q17: The government collects tax revenue of $100 Q18: When tax revenues equal government outlays,the situation 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![]()