Multiple Choice
Suppose that in 2020 the average citizen's federal tax bill is $9,372,and total federal spending is $10,824 per person.In 2020,the federal government will have
A) a budget surplus.
B) a budget deficit.
C) horizontal equity.
D) vertical equity.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: From 2009 to 2012,the federal budget deficits
Q50: All of the following are transfer payments
Q51: Medicare is the<br>A)government's health plan for the
Q52: In 2015,the federal government collected $3.25 trillion
Q54: For state and local governments,in 2011,education accounted
Q55: Suppose that in 2020 the average citizen's
Q56: The U.S.federal government finances budget deficits by<br>A)selling
Q57: In 2011,approximately how much of federal government
Q58: Which of the following is an example
Q86: As the economy's income has grown, the