When the government's outlays exceed its tax revenue,the national debt
A) shrinks thanks to the budget surplus.
B) grows to finance the budget deficit.
C) shrinks thanks to the budget deficit.
D) grows to finance the budget surplus.
E) does not change because it has nothing to do with government outlays and tax revenue.
Correct Answer:
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Q26: The government expenditure multiplier is used to
Q27: The magnitude of the government expenditure multiplier
Q28: The national debt is
A)tax revenue minus government
Q29: If government expenditure on goods and services
Q30: When the government's outlays equal its tax
Q32: The magnitude of the tax multiplier is
Q33: If government expenditure on goods and services
Q34: If tax revenue is $230 billion and
Q35: The national debt can only be reduced
Q36: The national debt is the amount
A)by which
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