Suppose That in 2020 the Average Citizen's Federal Tax Bill

question 96

Multiple Choice

Suppose that in 2020 the average citizen's federal tax bill is $11,888 per person,and total federal spending is $13,997 per person.In 2020,the federal government will have

• A)a per person budget surplus of $2,109.
• B)a per person budget deficit of $2,109.
• C)horizontal equity.
• D)vertical equity.

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Definitions:

Quantitative

Involving the measurement or assessment of quantities; relating to, measuring, or measured by the quantity of something.

Preoperational

The stage in Piaget's theory of cognitive development, occurring approximately from ages 2 to 7, characterized by the development of language and symbolic thinking but not yet capable of logical problem-solving.

Piagetian Process

An aspect of cognitive development theory defined by Jean Piaget, focusing on how children acquire knowledge and through what stages they progress.

Accommodation

In psychology, the process of modifying existing cognitive schemas, perceptions, and understanding so that new information can be integrated.