The budget balance = ______ - government spending.Multiple choice question.excise dutiestransfer paymentspersonal income taxnet tax revenue

If net tax revenues exceed government spending, which of the following would describe the government's situation?Multiple choice question.It has a positive balance which means there is a budget surplus.It has a positive balance which means there is a budget deficit.It has a negative balance which means there is a budget surplus.It has a negative balance which means there is a budget deficit.

The purpose of identifying the structural budget balance is to identifyGroup of answer choicesthe part of the budget balance which reflects where the economy is at in the business cyclethe effect of automatic stabilizers on total tax revenuethe effect of the level of income on total tax revenuenone of the other alternatives are correct

If the federal​ government's expenditures are less than its tax​ revenues, then: a. a budget deficit results. b. the budget is balanced. c. the government is deficit spending. d. a budget surplus results.

If the economy starts out with a balanced federal budget, a subsequent expansionary fiscal policy will create a Blank______.Multiple choice question.budget deficitbudget surpluslower tax ratelower inflation rate

Consider the Keynesian income-expenditure model with a government sector but no foreign sector. Assume that taxation is partly endogenous and dependent on the level of income. Suppose that the government increases its expenditure by $200 million and also increases the exogenous component of taxation by $200 million. Taking the budget balance as being equal to total taxes less government expenditure, which of the following statements is correct?Group of answer choicesThe equilibrium level of income will increase by less $200 million and the budget balance would improveThe equilibrium level of income will decrease but the budget balance would actually improveThe equilibrium level of income will increase by more than $200 million and the budget balance will be unchangedThe equilibrium level of income will increase by $200 million and the budget balance will be unchanged.