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What is true about government balance in the macroeconomic balance equation?
Wiki User
∙ 13y ago
Which of the following is true about government balance in the macroeconomic balance equation?
a. Government balance can occur in the presence with inflation.
b. Government balance is the difference between taxes (revenues) and expenditures.
c. In transition economies, pressures on T and G resulted in a budget deficit.
d. b and c are correct.
e. a, b, and c are correct.
Wiki User
∙ 13y ago
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