The primary deficit is equal to
A. outlays - tax revenues.
B. government purchases + transfers - tax revenues.
C. outlays + net interest - tax revenues.
D. government purchases + transfers + net interest - tax revenues.
Answer: B
You might also like to view...
What three decisions do firms make simultaneously?
What will be an ideal response?
In the new Keynesian model, if an aggregate demand increase is unanticipated, then ________
A) aggregate demand will not change B) short-run aggregate supply will shift up immediately C) short-run aggregate supply will shift down immediately D) there is no immediate effect on the short-run supply curve
A difference between the efficiency wage and the opportunity cost of labor is largely determined by
A) the number of managers. B) the costs of monitoring employees. C) the use of computers. D) none of these choices.
The general approaches to global poverty reduction include all of the following except
A. Redistribution of incomes across nations. B. Economic growth that raises average incomes. C. Redistribution of incomes within countries. D. An increase in government control of resources.