ooo Verizon answer comcty& af rely the following 1 36% government budget deficit

Question

ooo Verizon answer comcty& af rely the following 1 36% government budget deficit but not included in 2.)The budget of an economy is said to be in B. Anticipated inflation rate exceeds its actual currency with respect to one of more foreign reference currencies A. Short review period for congress that results C. Tough choices to be made by Congress D. The constitutional requiremeant of Congress to balance the budget on an annual basis 4. A possible explanation for the persistence of the U.S. Federal budget deficits is that: C. It is easier politically to go decrease government spending than to decrease taxes A. Measures the amount by which government revenues exceed outlays in a particular year B. Is a stock variable measuring the net C. Includes the projected liabilities of Social Security, Medicare, and other retirement D. Is a flow variable measuring the net

Explanation / Answer

(1) True.

(2) (A)

Budget deficit = Government spending (Outlay) - Revenue (Tax)

(3) (C)

(4) (B)

Deficit increases when government spending increases or tax revenue decreases.

(5) (B)

National debt is measured at a specific point of time and is a stock variable.

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