1. what would be true of entitlement spending rose to, Ask an Expert

Economics

1. What would be true of entitlement spending rose to 100 percent and the federal budget was balanced? (Hint: Under a balanced budget, tax revenues equal the sum of discretionary expenditures.)

2.How would entitlement spending be funded if tax revenues just covered discretionary spending and there was a government budget deficit?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9474589

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