In 2007, Denmarkʹs Government Had Expenditures of $157 Billion and Spending

question 136

Multiple Choice

In 2007, Denmarkʹs government had expenditures of $157 billion and spending of $171 billion. GDP in 2007 was $312 billion. The government ran a budget and government debt____________

• A) surplus; increased
• B) surplus decreased
• C) deficit; increased
• D) deficit; decreased

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Definitions:

Economic Costs

The total cost of choosing one action over another, including both explicit costs and opportunity costs.

Drone

An unmanned aerial vehicle (UAV) that can be remotely controlled or fly autonomously through software-controlled flight plans in embedded systems.

Average Variable Costs

The sum of all variable expenses divided by the total number of units produced.

Drone

An unmanned aerial vehicle (UAV) that can be remotely controlled or fly autonomously through software-controlled flight plans.