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Loraine Loraine
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8 years ago
If tax revenue is $230 billion and the government's outlays are $235 billion, then the budget
A) deficit is $5 billion, and government debt will remain the same.
B) surplus is $5 billion, and government debt will increase by $5 billion.
C) deficit is $5 billion, and government debt will increase by $5 billion.
D) deficit is $5 billion, and government debt will decrease by $5 billion.
E) surplus is $230 billion, and the budget deficit is $235 billion.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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