A budget surplus means that
A. government expenditures are greater than revenues in a given year.
B. government revenues are greater than expenditures in a given year.
C. a nation's imports are greater than its exports.
D. a nation's exports are greater than its imports.
Answer: B
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Which of the following are included in interest income?
i. payments made for the use of land ii. income paid to households for loans they make iii. payments made by households for their borrowing A) i, ii and iii B) ii and iii only C) i and ii only D) iii only E) ii only
Tom, a government employee, has a defined benefit pension.He has worked for his employer for 35 years before retiring at age 65.His final salary was $85,000
Calculate how much of his final preretirement income a standard defined benefit pension plan would replace.