Solved

A Budget Deficit Is Defined As

Question 109

Multiple Choice

A budget deficit is defined as:


A) a shortfall of revenues compared to expenditures.
B) a shortfall of expenditures compared to revenue.
C) accumulated deficits minus accumulated surpluses.
D) accumulated surpluses minus accumulated deficits.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q104: Why is it important to judge an

Q105: If actual income is $300 billion, potential

Q106: Suppose that the economy has a structural

Q107: What has been happening to the U.S.government

Q108: Use the following table to determine

Q110: Economists who focus on fiscal austerity focus

Q111: The budget deficit or surplus is:<br>A)easy to

Q112: If the U.S. inflation rate increases unexpectedly

Q113: The budget deficit or surplus is:<br>A)well defined

Q114: The cyclical deficit:<br>A)is not affected by changes