The primary deficit is
A) government spending minus interest on the debt.
B) government spending minus net tax revenues.
C) government spending plus interest on the debt minus net tax revenues.
D) government spending plus net tax revenues minus interest on the debt.
E) interest on the debt minus net tax revenues.
B
You might also like to view...
Show that the following preferences are not consistent for a rational individual
i. An individual when confronted with prices of p1 = $4 and p2 = $8 chooses q1 = 1 and q2 = 5. ii. The same individual facing prices of p1 = $6 and p2 = $9 chooses q1 = 5 and q2 = 3.
If the percentage change in quantity is equal to the percentage in price, demand is said to be unit elastic
a. True b. False Indicate whether the statement is true or false
Figure 12.8 depicts an advertising game between two stores. Which of the following statements is correct?
A. Both stores have a dominant strategy. B. Neither store has a dominant strategy. C. Only Store A has a dominant strategy. D. Only Store B has a dominant strategy.
Intellectual property rights protection is a critical issue for the pharmaceutical industry among others
Indicate whether the statement is true or false