If the federal government's expenditures are less than its tax revenues, then
A) the budget is balanced.
B) a budget surplus results.
C) a budget deficit results.
D) No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.
B
Economics
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One reason China has been able to grow so rapidly even though its financial development is still in its early stages is
A) the high savings rate of around 40%. B) the shift of labor to the agricultural sector. C) the stringent enforcement of financial contracts. D) the ease of obtaining high-quality information about creditors.
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The "War on Poverty" was declared by President Ronald Reagan in 1982
a. True b. False Indicate whether the statement is true or false
Economics