The primary current deficit is

A) current expenditures - tax revenues.
B) current expenditures + transfers + net interest - tax revenues.
C) current expenditures - net interest - tax revenues.
D) current expenditures + transfers - tax revenues.

C

Economics

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Price-fixing:

A. is prohibited by Section 7 of the Clayton Act. B. is a per se violation of the antitrust laws. C. may be either legal or illegal depending on whether or not it produces above-normal profits. D. is illegal under terms of the Federal Trade Commission Act.

Economics

The production of information products is characterized by

A) relatively low fixed cost. B) relatively low marginal cost. C) diseconomies of operation. D) an upward sloping marginal cost curve.

Economics