Answered: In 2005 national government spending is…

In 2005 national government spending is $4.00 trillion and tax collections are $4.00 trillion. This government, in 2005, experienced a

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 38CTQ: Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending...

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Question

In 2005 national government spending is $4.00 trillion and tax collections are $4.00 trillion. This government, in 2005, experienced a
O A. budget deficit,
O B. balanced budget.
O C. budget surplus.
O D. None of the above.

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