When Government Spending Is Less Than Net Taxes

question 108

Multiple Choice

When government spending is less than net taxes:

• A)there is a budget deficit.
• B)government savings is negative.
• C)there is budget surplus.
• D)the economy is moving toward a balanced budget.

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Definitions:

Emotional Bonds

The deep connections formed between individuals, often characterized by feelings of affection, loyalty, and love.

Secondary Group

A large, impersonal social group whose relationships are formal and goal oriented; their interactions are usually temporary.

Activities

Actions or tasks that are carried out by individuals or groups, typically requiring effort and aimed at achieving a certain goal.

Divide and Conquer

A strategy of gaining and maintaining power by breaking up larger concentrations of power into pieces that individually have less power than the one implementing the strategy.