Multiple Choice
To evaluate the size of the federal budget deficit or surplus over time,it would be best to look at the
A) absolute size of the budget deficit or surplus.
B) budget deficit or surplus as a percentage of GDP.
C) budget deficit or surplus as a percentage of tax revenues.
D) budget deficit or surplus as a percentage of government spending.
Correct Answer:
Verified
Correct Answer:
Verified
Q207: Expansionary fiscal policy will<br>A)shift the aggregate demand
Q208: Suppose that the current equilibrium GDP is
Q209: How could the existence of an unemployment
Q210: Prior to the 1930s,the majority of dollars
Q211: Social Security began as a "pay-as-you-go" system,meaning
Q213: If the economy is slipping into a
Q214: In preparing their estimates of the stimulus
Q215: A change in tax rates<br>A)has a less
Q216: Included in government expenditures are government purchases
Q217: What is the difference between federal purchases