1 when the governments outlays equal its tax revenue then, Ask an Expert

Economics

1. When the? government's outlays equal its tax? revenue, then the budget

A. is in deficit.

B. is legal only because expenditures equal tax revenues.

C. is balanced.

D. could be either in surplus or deficit.

E. is in surplus.

2. When government outlays exceed tax? revenue, the situation is called a budget

A. with no balance.

B. surplus.

C. deficit.

D. with a negative balance.

E. debt.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92188341

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