If Government Spending Is $650 Billion While Government Revenue Is

question 134

Multiple Choice

If government spending is $650 billion while government revenue is $950 billion, the government is said to have a

• A) $300 billion budget deficit.
• B) $1,600 billion budget balance.
• C) $300 billion budget surplus.
• D) $950 billion budget deficit.

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Definitions:

Formalism

A philosophical and critical framework emphasizing form over content in various arts, mathematics, and science.

Kant's Philosophy

A philosophical doctrine by Immanuel Kant emphasizing rationality, ethics, and a categorical imperative guiding moral actions.

End Justifies

A philosophical principle suggesting the morality of an action can be determined by its outcome or intended result.

Means

Methods or ways employed to achieve a certain end or goal.