If a nation currently has a budget deficit, their income is not covering the cost of running their country. If this budget is not revised, the country will face _____________.a.A budget surplusb.A balanced budgetc.A mounting debtd.Discretionary fiscal policyClear my choice

If a government spends less money than it brings in through taxes in one year, that government has a _____.A.mandatory budgetB.budget surplusC.budget deficitD.discretionary budget

Assess whether a government should always aim to balance its budgetrather than have a budget surplus or a budget deficit

An economy with a current account deficit must also havea.a capital account deficitb.a budget surplusc.capital account surplusd.a budget deficit

Suppose the economy is currently in a boom and the government is running a structural budget deficit. This meansGroup of answer choicesthere cannot be an actual budget surplusthere cannot be an actual budget deficitthere is a cyclical budget surplusthere is a cyclical budget balance of zero

The government is running a budget surplus while the economy is at its potential level. This implies the government is running a __________ and decreasing its __________. structural surplus; net debt structural surplus; net asset structural deficit; net debt balanced budget; net asset structural deficit; net asset