The government is running a budget deficit if:
A. government spending is greater than tax revenue.
B. tax revenue is greater than government spending.
C. tax revenue is greater than consumption spending.
D. tax revenue is greater than investment spending.
Ans: A. government spending is greater than tax revenue.
Economics
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The gold standard ended in the 1970s because the gold supplies failed to keep pace with the increase in money supplies required for industrialization and rapid economic growth witnessed in this era
a. True b. False Indicate whether the statement is true or false
Economics
The two alternative ways of promoting better outcomes when a natural monopoly exists are:
A. Subsidy and taxation B. Public ownership and regulation C. Pricing and incorporation D. Breaking and merging
Economics