The government budget is in DEFICIT when (T) - G > 0 Government expenditures (G) - Investment expenditures (I) < 0 G - Consumption expenditures (C) - | > 0 OT-G- Transfers (TR) - Interest on the Debt (INT) < O

The government budget is in DEFICIT when (T) - G > 0 Government expenditures (G) - Investment expenditures (I) < 0 G - Consumption expenditures (C) - | > 0 OT-G- Transfers (TR) - Interest on the Debt (INT) < O

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The government budget is in DEFICIT when
Taxes (T) - G > 0
Government expenditures (G) - Investment expenditures (I) < 0
G- Consumption expenditures (C) - | > 0
OT-G- Transfers (TR) - Interest on the Debt (INT) < 0

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