Which of the Following Is TRUE When a Budget Deficit

question 56

Multiple Choice

Which of the following is TRUE when a budget deficit exists?

• A) Government expenditures exceed tax revenues.
• B) Tax revenues exceed government expenditures.
• C) A trade surplus exists.
• D) Dissaving exists.

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Definitions:

Structuralism

An early psychological approach that emphasized the analysis of immediate experience into basic elements.

Basic Elements

Fundamental components or principles that form the essential parts of a system or structure.

Developmental Psychologist

A professional who studies the psychological growth and changes that occur throughout a person's life, from infancy to old age.

Mentally

Pertaining to the mind, or involving cognitive processes such as thinking, reasoning, and remembering.