If the Federal Government's Expenditures Are Less Than Its Tax

question 1

Multiple Choice

If the federal government's expenditures are less than its tax revenues, then:

• A)a budget surplus results.
• B)a budget deficit results.
• C)the budget is balanced.
• D)the government is deficit spending.

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Definitions:

Interval of Random Numbers

A range within which any number has an equal chance of being selected during a random selection process.

Average Demand

The mean amount of a product or service consumed or requested by customers over a specific period.

Cumulative Probability

The likelihood of an event happening up to a certain point, calculated by summing the probabilities of the event and all occurrences before it.

Interval of Random Numbers

A range within which random numbers can be generated, often used in simulations and probabilistic analyses.