The federal budget deficit is found by:
A. subtracting government tax revenues plus government borrowing from government
spending in a particular year.
B. subtracting government tax revenues from government spending in a particular year.
C. cumulating the differences between government spending and tax revenues over all years
since the nation's founding.
D. subtracting government revenues from the noninvestment-type government spending in a
particular year.
B. subtracting government tax revenues from government spending in a particular year.
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If we use the numbers in the above table to draw a graph, with the price on the vertical axis and the quantity on the horizontal axis, the line relating price and quantity has a slope of
A) 0.8. B) -8.0. C) -1.25. D) 8.0.
To maximize utility consumers should buy goods and services to the point where the marginal utility of each item consumed is maximized
Indicate whether the statement is true or false