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The government budget is said to be in deficit whenever: a. tax revenues exceed government outlays. b. tax revenues exceed transfer payments. c. government outlays
The government budget is said to be in deficit whenever: a. tax revenues exceed government outlays. b. tax revenues exceed transfer payments. c. government outlays exceed tax revenues. d. transfer payments are equal to government purchases. e. tax revenues exceed tax receipts
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
