A budget deficit occurs when government receipts fall short of government spending

Since 1960, the only period of several years when the full-employment government budget deficit was negative (that is, there was a full-employment surplus) was

A) from 2000 to 2005. B) the late 1990s and early 2000s. C) the mid-1980s. D) the early 1970s.

The flour used in the pizza you bought for dinner last night is considered a final good

a. True b. False Indicate whether the statement is true or false