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Which of the following characterizes the transnational model?
Massive Deficits
Significantly large shortfalls where government expenditures exceed revenue.
Surpluses
Situations in which the quantity of a product or service supplied exceeds the quantity demanded, or when revenues exceed expenditures in a budget.
Tax Expenditures
Governmental financial benefits conferred through tax policies, allowing individuals or corporations to reduce their tax liabilities through deductions, exemptions, or credits.
Means-tested Benefit
Government assistance programs that provide benefits based on the recipient's income and assets, ensuring aid goes to those in financial need.
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