Multiple Choice
The Federal budget deficit is calculated each year by:
A) subtracting government spending from government revenues.
B) subtracting consumption and investment from government spending.
C) adding up consumption, investment, government purchases, and net exports.
D) adding up the difference between government revenues and spending over the years of the nation's existence.
Correct Answer:

Verified
Correct Answer:
Verified
Q88: Contractionary fiscal policy will do what to
Q89: Which of the following is the best
Q90: Which of the following phases of a
Q91: An example of a built-in automatic stabilizer
Q92: The crowding-out effect arises when:<br>A)government borrows in
Q94: Which one of the following might offset
Q95: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q96: Suppose that in an economy with a
Q97: Assume the economy is in the midst
Q98: A cyclical surplus (movement from a deficit