Which of the following correctly represents the budget deficit?
a. Tax revenue - government purchases
b. Tax revenue - government outlays
c. Government purchases - tax revenue
d. Government outlays - tax revenue
e. Government outlays - tax revenue - transfer payments
D
Economics
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The largest government-run health care system in the world, with 1.7 million employees, is the National Health Service (NHS) in the United Kingdom. The NHS receives its funding primarily from
A) tariffs. B) the World Health Organization. C) private businesses. D) income taxes.
Economics
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Purchases and sales of legal and accounting creations. c. Foreign purchases of Nation A's Treasury bills. d. All the above.
Economics