The government budget deficit is equal to
A) the difference between government spending and government revenue in a given year
B) the increase in the total amount of debt owed by the government
C) the total amount of debt issued by the government
D) the ratio of government revenue to government spending
Answer: A) the difference between government spending and government revenue in a given year
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. A person born in Guam is a citizen of the United States. 2. If you are born outside of the United States to American parents, you are not a citizen of the United States. 3. The number of undocumented workers entering the United States has increased in recent years. 4. The unfettered distribution of information that challenges the preferred social order aligns perfectly with conservative social order ideology. 5. Tea Party Supporters typically reject programs such as Social Security and Medicare.
The main purpose of standing committees is:
A. to work out compromises between House and Senate versions of bills. B. to carry on business between legislative sessions. C. to centralize influence in the legislature. D. to provide a division of labor for evaluating proposals and overseeing agencies.
What is the difference between zero-sum and positive-sum views of power?
What will be an ideal response?
Which of the following is considered to be a state sponsor of terrorism according to the U.S. government?
a. Algeria b. Somalia c. Indonesia d. Syria e. Venezuela