-The Above Table Gives the Government Outlays and Tax Revenue

question 42

Multiple Choice

$$\begin{array} { c c c } & \begin{array} { c } \text { Country A } \\\text { Government } \\\text { outlays }\end{array} & \\& \begin{array} { c } \text { Tax revenue } \\\text { (trillions of } \\\text { (trillions of }\end{array} \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2005 & 0.75 & 0.80 \\2006 & 0.80 & 0.83 \\2007 & 0.87 & 0.86 \\2008 & 0.95 & 0.95 \\2009 & 1.06 & 1.02 \\\hline\end{array}$$
$$\begin{array} { c c c } & \begin{array} { c } \text { Country B } \\\text { Government } \\\text { outlays }\end{array} & \\& \begin{array} { c } \text { Tax revenue } \\\text { (trillions of } \\\text { (trillions of }\end{array} \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2005 & 1.05 & 1.10 \\2006 & 0.90 & 0.92 \\2007 & 0.87 & 0.88 \\2008 & 0.85 & 0.83 \\2009 & 0.70 & 0.75 \\\hline\end{array}$$
-The above table gives the government outlays and tax revenue from 2005 through 2009 for two countries.In 2007 country A had a ________ and country B had a ________.

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Definitions:

Enforcement Mechanism

Procedures or methods used to enforce compliance with laws, regulations, or agreements.

Collective Bargaining

The process by which employers and unions negotiate terms of employment, including wages, hours, and working conditions.

Government Regulations

Rules and directives created by government agencies to control or guide specific industries or activities.

Reciprocal Trading

A trading system where countries mutually agree to provide comparable benefits and privileges to each other, often involving tariff reductions or eliminations.