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
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 1SCQ: When governments run budget deficits, how do they make up the differences between tax revenue and...
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