1. The difference between what a government spends and what it collects in taxes in a year is Group of answer choices the government budget deficit or surplus. the government debt. net revenue. net taxes. 2. The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals Group of answer choices 800. 580. 700. 520.
1. The difference between what a government spends and what it collects in taxes in a year is Group of answer choices the government budget deficit or surplus. the government debt. net revenue. net taxes. 2. The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals Group of answer choices 800. 580. 700. 520.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 51P: A government starts off with a total debt of $3.5 billion. In year one, the government runs a...
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1. The difference between what a government spends and what it collects in taxes in a year is
Group of answer choices
the government budget deficit or surplus.
the government debt.
net revenue.
net taxes.
2. The aggregate consumption function is C = 100 + 0.6Yd. If income is $1,000 and net taxes are $300, consumption equals
Group of answer choices
800.
580.
700.
520.
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