When government outlays exceed tax revenues, the situation is called a budget
A) surplus.
B) deficit.
C) with a negative balance.
D) with no balance.
E) debt.
B
Economics
You might also like to view...
If resources are used efficiently, then ________
A) marginal social cost is minimized B) consumer surplus plus producer surplus is maximized C) consumer surplus equals producer surplus D) producer surplus is maximized
Economics
The growth rate of real GDP per capita in Mexico was negative in which of the following time periods?
A) 1980-1989 B) 1990-1999 C) 2000-2014 D) all of the above
Economics