Suppose that in 2020 the average citizen's federal tax bill is $9,372, and total federal spending is $10,824 per person. In 2020, the federal government will have
a. a budget surplus.
b. a budget deficit.
c. horizontal equity.
d. vertical equity.
b
Economics
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Refer to the scenario above. Tom should use ________ to play this game
A) backward induction B) forward induction C) mixed strategies D) his dominated strategy
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The aggregate demand of a country is the summation of consumption, investment, government spending, and net exports
a. True b. False Indicate whether the statement is true or false
Economics