During the 1990s,
a. tax revenues have decreased
b. budget deficits decreased substantially
c. sustained economic growth has increased both deficits and tax revenues
d. government spending has increased dramatically due to increased defense expenditures
e. the view in government, academe, and society that government can contribute to moderate social and economic ills has been persuasive
B
You might also like to view...
The relationship between education and economic growth can best be summarized by saying that
A) educated people are less apt to consume goods that deplete economic resources, which encourages economic growth. B) educational expenditures tend to divert funds from productive investments, which discourages economic growth. C) educational expenditures tend to be inflationary, which discourages economic growth. D) education has benefits beyond those who receive the education, which encourages economic growth.
If the production of ukuleles creates a negative externality that is not corrected for by the government, the equilibrium quantity of ukuleles is
A) higher than optimal. B) lower than optimal. C) efficient. D) at a optimal level.