The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a ________ and country B had a ________
A) budget deficit; budget deficit
B) balanced budget; budget surplus
C) balanced budget; budget deficit
D) budget surplus; budget surplus
E) budget surplus; balanced budget
C
Economics
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Protection from foreign competition benefits domestic producers in the protected industry at the expense of domestic consumers
a. True b. False Indicate whether the statement is true or false
Economics
If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Price index falls, and real GDP rises. b. Price index falls, and real GDP falls. c. Price index falls, and the change in real GDP is uncertain. d. The change in price index is uncertain, and real GDP rises. e. The change in price index is uncertain, and real GDP falls.
Economics