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A Budget Deficit Occurs When Tax Revenue Is Higher Than

question 329

True/False

A budget deficit occurs when tax revenue is higher than government spending plus government transfers.


Definitions:

Agreeableness

A personality trait that involves being kind, cooperative, and sympathetic towards others, a component of the Five Factor Model of personality.

Self Esteem

The degree to which a person values themselves and feels worthy and competent.

External Locus

A belief that one's outcomes are determined by forces outside individual control, such as luck or other external factors.

Personality Factor

A characteristic or trait that contributes to the way an individual's thoughts, feelings, and behaviors are organized.

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