If Net Taxes Exceed Government Expenditures, the Government Sector Has

question 67

Multiple Choice

If net taxes exceed government expenditures, the government sector has a budget ________ and government saving is ________.

• A)surplus; positive
• B)surplus; negative
• C)deficit; positive
• D)deficit; negative
• E)balance that is zero; zero

---

Definitions:

Evaluation

Assesses the credibility of statements or other representations that are accounts or descriptions of a person’s perception, experience, situation, judgment, belief, or opinion; also assesses the logical strength of the actual or intended inferential relationships among statements, descriptions, questions, or other forms of representation.

Challenging Problem

A problem or question that is difficult to solve and requires significant effort or creativity.

Problem Solving

The process of identifying a challenge or difficulty and finding an effective solution for it.

Human Decision Making

The process by which individuals make choices or come to conclusions based on factors such as personal preference, reasoning, and external influences.