A government is running a budget deficit if:
A. government revenue exceeds government spending.
B. imports exceed exports.
C. exports exceed imports.
D. government revenue is less than government spending.
Answer: D
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Gross investment is equal to ________
A) net investment plus depreciation B) net investment divided by depreciation C) net investment minus depreciation D) net investment times depreciation
Which of the following checks issued by the government represents a transfer payment?
A) The federal government pays a defense contractor for development of a missile system. B) The federal government pays a retiree her Social Security benefits. C) The state of Oregon pays a construction firm for its work in repairing a state highway. D) The state of Illinois pays groundskeepers at the state capitol building their weekly wages.