The Primary Deficit Is Equal to

question 94

Multiple Choice

The primary deficit is equal to

• A)outlays - tax revenues.
• B)government purchases + transfers + net interest - tax revenues.
• C)outlays + net interest - tax revenues.
• D)government purchases + transfers - tax revenues.

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Definitions:

Autarky

A situation where a country is self-sufficient and does not engage in international trade.

Trade

The act of buying, selling, or exchanging goods and services between people or countries.

Domestic Price

The price of a good or service within a country's borders.

Domestic Consumption

The total amount of goods and services consumed within a country's borders.