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 federal government spends $1.4 trillion more dollars than it collects in tax revenue, what occurs?Select the correct answer below:a profita budget surplusa balanced budgetA budget deficit.

Which situation is most likely to result in a government having a budget surplus for a year?A.A government is forced to spend extra money to help its citizens recover after a natural disaster.B.A government begins providing health care to all citizens using tax money in the federal budget.C.A government shuts down an expensive defense program while increasing taxes on corporations.D.A government lowers taxes on businesses while keeping all its spending at the same level.

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

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.

If the total of government spending plus government transfer payments is less than tax revenues, which of the following must be true?ResponsesThe national debt will increase.The national debt will increase.There is a recessionary gap.There is a recessionary gap.The government budget is in surplus.The government budget is in surplus.The velocity of money will increase.The velocity of money will increase.The money multiplier will increase.