A government budget deficit occurs during a budget year when
A. tax revenues = government spending.
B. tax revenues < government spending.
C. tax revenues > government spending.
D. tax revenues + government spending = personal consumption.
Answer: B
You might also like to view...
Purchasing power parity can be used as
A) a long-run gauge, but in the short run large deviations in currency values can exist. B) a short-term gauge, but in the long run large deviations in currency values can exist. C) an indicator of how interest rates will change in the short run. D) an indicator of how interest rates will change in the long run. E) a short-term and long-term gauge of relative currency values.
Danielle Ocean pays for monthly pool maintenance for her home swimming pool. Last week the owner of the pool service informed Danielle that he will have to raise his monthly service fee because of increases in the price of pool chemicals
How is the market for pool maintenance services affected by this? A) There is a decrease in the demand for pool maintenance services. B) There is a decrease in the quantity of pool maintenance services supplied. C) There is an increase in the supply of pool maintenance services. D) There is a decrease in the supply of pool maintenance services.
If the money interest rate is 7 percent and the inflationary premium 4 percent, the real interest rate is
a. -3 percent. b. 3 percent. c. 4 percent. d. 7 percent.
Increasing the level of education in the United States will:
A) shift the production possibilities curve to the left. B) improve the level of technology. C) lead to increased natural resource use. D) lead to workers possessing greater human capital.