When the government's outlays equal its tax revenue, the budget
A) has a deficit and the national debt is increasing.
B) has a deficit and the national debt is decreasing.
C) is balanced and the national debt is not changing.
D) has a surplus and the national debt is decreasing.
E) has a surplus and the national debt is increasing.
C
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It has become largely accepted since the end of the Bretton Woods agreement that: a. the gold standard was superior to anything that has come along since
b. governments have no role whatsoever in determining exchange rates. c. it is not necessary for governments to fix exchange rates for long periods of time. d. floating rates simply have not worked.
The NAFTA agreement affects our trade with
A. Asia. B. North America. C. Africa. D. The OPEC nations. E. The European Common Market.