In comparing the changes in actual budget surplus and the structural surplus between 1993 and 1999, it is clear that the
A. actual surplus rose less than the structural surplus.
B. actual surplus and the structural surplus rose about the same.
C. actual surplus rose much more than the structural surplus.
D. tax increases of 1993 decreased the structural surplus more than they decreased the actual surplus.
Answer: C
You might also like to view...
Which of the following is NOT held constant while moving along a supply curve?
A) expected future prices B) the number of sellers C) the price of the good itself D) prices of factors of production
Economics is primarily the study of
a. why people like to make money. b. the management of a business. c. the choices people make as the result of scarcity. d. how to make money in the stock market.
Which of the following is a question answered with normative economic reasoning?
A. If the college offers free textbooks for students, will more students read their textbooks? B. If the college provided less financial aid for out-of-state students, would more in-state students benefit? C. If the college increased its enrollment requirements, would class size decline? D. Should the college increase tuition to fund its athletic programs?
What can explain the fact that DVD players decreased in price during the 1990s even as more DVD players were being sold?
A) The demand for DVDs was declining. B) The supply of DVD players was decreasing. C) The supply of DVD players was increasing more than the demand for DVD players. D) The demand for DVD players was increasing more than the supply of DVD players.