Suppose That in 2020 the Average Citizen's Federal Tax Bill

question 95

Multiple Choice

Suppose that in 2020 the average citizen's federal tax bill is $11,987,and total federal spending is $12,294 per person.In 2020,the federal government will have

• A)a budget surplus.
• B)a budget deficit.
• C)horizontal equity.
• D)vertical equity.

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Definitions:

Emotional Illiteracy

The inability to recognize, understand, and appropriately express one's emotions.

Egocentrism

The inability to differentiate between self and other, often resulting in individuals assuming that others share the same perspective as they do.

Extraversion

A characteristic of personality marked by being extroverted, possessing a lot of energy, and being highly sociable.

Facial Feedback Effect

The tendency of facial muscle states to trigger corresponding feelings such as fear, anger, or happiness.