The government debt is defined as
A) the excess of total revenues over total expenditures.
B) the sum of all past deficits and surpluses.
C) the excess of total expenditures over total revenues.
D) government spending on goods and services plus transfer payments.
B
Economics
You might also like to view...
Among the problems associated with subsidizing an industry in the hope of establishing a worldwide monopoly is that if two nations subsidize firms in the same industry, each could lose money
Indicate whether the statement is true or false
Economics
Why do decision makers tend to ignore external costs? How can internalizing external costs move us closer to efficient levels of output?
Economics