What is the relationship between the government's budget deficit and its tax revenue?
a. Budget deficit = government spending + tax revenue
b. Budget deficit = government spending - tax revenue
c. Government spending = budget deficit / tax revenue
d. Tax revenue = government spending + budget deficit
e. Budget deficit = tax revenue - government spending
B
You might also like to view...
If the size of the underground economy is large,
A) government agencies have difficulty measuring nominal and real GDP. B) it is relatively easy to gather productivity data on many businesses. C) measuring real GDP is relatively easy, but measuring nominal GDP is difficult. D) measuring nominal GDP is relatively easy, but measuring real GDP is difficult.
Excess supply of dollars in the foreign exchange market represents a balance of payments deficit in the U.S
Indicate whether the statement is true or false