Solved

In 2007, Denmark's Government Had Expenditures of $157 Billion and Spending

Question 8

Multiple Choice

In 2007, Denmark's government had expenditures of $157 billion and spending of $171 billion. GDP in 2007 was $312 billion. The government ran a budget ________ and government debt ________.


A) deficit; decreased
B) deficit; increased
C) surplus; decreased
D) surplus; increased

Correct Answer:

verifed

Verified

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

Related Questions

Q3: A tax cut decreases government saving and

Q4: Automatic fiscal policy is at work if,

Q5: In early 2017, economists predicted that the

Q6: What is needs-tested spending and how does

Q7: A reason the government expenditure multiplier is

Q9: When interest income is taxed and the

Q10: The largest source of revenue for the

Q11: How can discretionary fiscal policy be used

Q12: The structural deficit is that deficit that

Q13: Which of the following relationships is CORRECT?<br>A)