A Balanced Budget Occurs When

question 18

Multiple Choice

A balanced budget occurs when

• A) the national debt is reduced to zero dollars.
• B) a budget deficit during one year is matched by a budget surplus in the next year.
• C) transfer payments equal tax revenues.
• D) government expenditures equal tax revenues.
• E) the deficit-GDP ratio equals one.

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Definitions:

Stereotyping

The act of assigning a fixed, oversimplified image or idea to a person or group, often based on limited information.

Xenophobia

A fear or hatred of strangers or foreigners, often manifesting in discriminatory attitudes or behaviors.

Culture

A collection of common beliefs, objectives, values, and behaviors that defines the essence of a group, organization, or institution.

Communication

The process of exchanging information, ideas, thoughts, and feelings between people through speaking, writing, or body language.