Consider the Government's Budget Balance

question 15

Multiple Choice

Consider the government's budget balance. Suppose G = 300 and the government's net tax revenue is equal to 0.14Y. When Y = 2000, the government is running a budget .

• A)deficit of - 20
• B)surplus of 20
• C)balance
• D)surplus of 40
• E)deficit of 20

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Definitions:

Privatization

The process of transferring ownership of a business, enterprise, or public service from the public sector to the private sector.

Organizational Learning

The process through which an organization improves and innovates by acquiring, sharing, and utilizing knowledge.

Cognitive Process

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Social Processes

The patterns of interaction and social mechanisms that guide individual and group behavior.