Answered: 6) A budget deficit occurs when a…

6) A budget deficit occurs when a nation No answer text provided. OC) has no national debts. OD) spends more than it takes in from taxes. OA) reduces its expenditures. OB) receives excess taxes.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section: Chapter Questions

Problem 6QR

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Question

6) A budget deficit occurs when a nation
No answer text provided.
OC) has no national debts.
OD) spends more than it takes in from taxes.
OA) reduces its expenditures.
OB) receives excess taxes.

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Only typed Answer
The government budget is in DEFICIT when OT G-Transfers (TR) - Interest on the Debt (INT) 0 Government expenditures (G) - Investment expenditures (I) 0
Define government budget in not more than 3 lines
The government budget is in DEFICIT when Taxes (T) - G > 0 Government expenditures (G) - Investment expenditures (I) 0 OT-G- Transfers (TR) - Interest on the Debt (INT) < 0
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