The government's budget deficit refers to the:
A. Total amount of debt that the government has incurred over the years
B. Difference the nation's amount of exports and its total amount of imports
C. Gap between high government spending and its lower tax revenues
D. Decrease in the amount of government spending form one year to the next
C. Gap between high government spending and its lower tax revenues
Economics
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"Smokers are more likely to be murdered than nonsmokers." This statement is an example of:
A) the fallacy of unintended consequences. B) a positive economic statement. C) a normative economic statement. D) a value judgment.
Economics
An autonomous expenditure is one that does not depend on:
A) government policy B) the automobile sector C) interest rates D) GDP
Economics