0
What is it called when the government annually spend more than its receives in revenue?
Wiki User
∙ 7y ago
a federal budget deficit
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the total amount of money a firm receives by selling goods or services called?
total revenue
When government spending is higher than government revenue it is called?
Over expenditure
Which concept of revenue is called price?
Average revenue is nothing but the price of the product. Average revenue is the same as price of the commodity
What new measure did the US government use to pay for the US Civil War?
The measure that the government used to pay for the US Civil War was by putting a progressive income tax into law. The income tax was to take out a certain amount of and individuals income yearly.
The revenue received from the sale of an additional unit of a product is called what?
The marginal benefit to the firm
What is government income called?
Government money is called Revenue
What is the total amount of money a firm receives by selling goods or services called?
total revenue
What is the total amount of money firm receives by selling goods or services called?
total revenue
The money government raise is called?
Revenue (i think....yea im pretty sure)
What is money exchanged between levels of government called?
intergovernmental revenue
What is the income received by the government from taxes called?
The income recieved by a government from taxes abd other nontax sources is called Revenue.
What are the bills for raising money for the federal government called?
Revenue Bills or Tax Bills
What occurs when the government spends more than he collects in revenue?
That's called a deficit.
What is a bill to raise money called?
The bills proposed to raise money for the federal government are called revenue bills. Revenue bills must pass through both houses, but originate in the House of Representatives.
What is the Difference between fiscal deficit and revenue surplus?
Budget for a fiscal year is a statement of revenue and expenditure of the government for the particular year. If the expenditure is more than the revenue for a particular year, then this difference is called the fiscal deficit. If the revenue is more than the expenditure for a particular year then this difference is called the excess revenue.
When government spending is higher than government revenue it is called?
Over expenditure
What is the practice called which one level of government gives money to other levels of government to cover the cost of certain services?
Its called "Beard Ick"
