A government budget surplus occurs during a budget year when
A) tax revenues = government spending.
B) tax revenues + government spending = personal income.
C) tax revenues > government spending.
D) tax revenues < government spending.
C
Economics
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Which of the following men has NOT served as Chairman of the Board of Governors?
A) Milton Friedman B) Arthur Burns C) Paul Volcker D) Alan Greenspan
Economics
For a nation's real GDP per capita to rise during a year:
A. consumption spending must increase. B. real GDP must increase more rapidly than population. C. population must increase more rapidly than real GDP. D. investment spending must increase.
Economics