If the Federal Budget Is Initially Balanced and Government Expenditures

question 142

Multiple Choice

If the federal budget is initially balanced and government expenditures remain constant, then an
Increase in GDP will _________ tax revenues and create a budget _________.

• A) increase tax revenues and create a budget surplus.
• B) increase tax revenues and create a budget deficit.
• C) decrease tax revenues and create a budget surplus.
• D) decrease tax revenues and create a budget deficit.

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Definitions:

Ethnic Identification

The process by which individuals identify with a particular ethnic group, influencing their sense of belonging and cultural practices.

Etiquette

The set of conventional rules for polite behavior in society or among members of a particular profession or group.

Persuasion

Persuasion is the act of influencing or convincing others to agree with a point of view, idea, or behavior through argument, appeal, or discussion.

Reciprocity

A mutual exchange of privileges or services between parties, where both benefit from the arrangement.