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

question 90

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)a cyclical deficit results.
• E)No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.

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