The Current Deficit Is

question 19

Multiple Choice

The current deficit is

• A)the deficit plus net interest payments.
• B)current expenditures minus tax revenues.
• C)outlays minus tax revenues.
• D)the deficit minus depreciation.

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Definitions:

Good

A tangible product that satisfies human wants or needs.

Service

An (intangible) act or use for which a consumer, firm, or government is willing to pay.

Cross Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating the relationship between goods as substitutes or complements.

DVD Players

Electronic devices that play discs using the Digital Video Disc (DVD) format, majorly used for watching movies and other video content.