Some countries export products at prices below the cost of production or the price charged in the
Question:
A possible explanation for the persistence of the U.S. federal budget deficits is that: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Transfer payments are included in the government budget deficit but not included in the government purchases component of GDP. | ||||||
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The budget of an economy is said to be in deficit when: | ||||||||
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Problems with the federal government budget process include: | ||||||||
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