Starting with a situation where there is a substantial budget deficit, when tax revenues grow faster than federal expenditures, the government will experience:
a. a balanced budget.
b. an increasing national debt.
c. a declining budget surplus.
d. a declining budget deficit.
e. an increasing budget deficit.
d
Economics
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The rate of production at which marginal revenue equals marginal cost is
A) a point of negative profits for the firm. B) what determines the equilibrium price in the market. C) the firm's shutdown point. D) the point where profits are maximized.
Economics
Which measure of productivity is calculated as a residual?
A. Labor force productivity B. Labor force participation C. Real GDP D. Total factor (or multifactor) productivity
Economics