Which One of the Following Describes the Amount by Which

question 27

Multiple Choice

Which one of the following describes the amount by which government spending exceeds government revenues?

• A) Balance of trade
• B) Budget deficit
• C) Gross domestic product
• D) Output gap

---

Definitions:

Soccer Balls

Spherical balls designed and used specifically for the sport of soccer.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a specific price point.

Price Elasticity of Demand

A gauge for determining how changes in price impact the amount of a good that is demanded.

Starbucks Coffee

Starbucks Coffee is a global coffeehouse chain and brand originating from Seattle, Washington, known for its signature coffee drinks and emphasis on customer experience.