1. The difference between what a government spends and what it collects in taxes in a year is Group of answer choices the government budget deficit or surplus. the government debt. net revenue. net taxes. 2. The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals Group of answer choices 800. 580. 700. 520.

1. The difference between what a government spends and what it collects in taxes in a year is Group of answer choices the government budget deficit or surplus. the government debt. net revenue. net taxes. 2. The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals Group of answer choices 800. 580. 700. 520.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government

Section: Chapter Questions

Problem 1WNG

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Question

1. The difference between what a government spends and what it collects in taxes in a year is

Group of answer choices

the government budget deficit or surplus.

the government debt.

net revenue.

net taxes.

2. The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals

Group of answer choices

800.

580.

700.

520.

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