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What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
What happens during a economic expansion?
What increases, decreases and stays the same during a economic expansion? Choices: tax revinue, consumer income, budget surplus, aggregate demand, budget deficit, aggregate supply, real GDP, corporate profits
Deffrentiate between surplus and deficit?
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
When did the first federal budget surplus in three decades occur?
in 1998 the United States achieved its first federal budget surplus
What is the relationship between the demand-side and the federal budget deficit?
Describe the relationship between demand-side economics and the federal budget deficit.
What effect did the deal have on the federal budget?
the surplus became a deficit
What is it called when the government annually spend more than its receives in revenue?
a federal budget deficit
What effect. did the new deal have on the federal. budget?
the surplus became a deficit
When the government runs a budget deficit what must in eventually do in order to pay back its debt?
have a budget surplus
What happens during a economic expansion?
What increases, decreases and stays the same during a economic expansion? Choices: tax revinue, consumer income, budget surplus, aggregate demand, budget deficit, aggregate supply, real GDP, corporate profits
Definition of budget deficit?
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
What are the kinds of budget included in strategic plan?
Budget deficit, surplus, and balanced.
What effect did the New Deal have on the budget?
the surplus became a deficit
Deffrentiate between surplus and deficit?
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
When did the first federal budget surplus in three decades occur?
in 1998 the United States achieved its first federal budget surplus
What is the relationship between the demand-side and the federal budget deficit?
Describe the relationship between demand-side economics and the federal budget deficit.
When the government runs a budget deficit what must it eventually do in order to pay back its debt?
Have a budget surplus
