Many communities today are concerned with their local government's ability to appropriately manage the taxes it collects. If a government spends more money on expenditures than it collects in taxes, it may end up with not enough money, called deficit. Which of the following could result in a county government having a deficit budget? a The country closes a clinic reducing expenditures, without adjusting taxes. b. The goverment raises sales and property taxes Without adjusting expenditures. C. The county gives all sheriff deputies a raise without adjusting taxes d. The county collects donations to build a WWII veteran memorial
Many communities today are concerned with their local government's ability to appropriately manage the taxes it collects. If a government spends more money on expenditures than it collects in taxes, it may end up with not enough money, called deficit. Which of the following could result in a county government having a deficit budget? a The country closes a clinic reducing expenditures, without adjusting taxes. b. The goverment raises sales and property taxes Without adjusting expenditures. C. The county gives all sheriff deputies a raise without adjusting taxes d. The county collects donations to build a WWII veteran memorial
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter17: Taxation And Resource Allocation
Section: Chapter Questions
Problem 2DQ
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Question
Many communities today are concerned with their local government's ability to
appropriately manage the taxes it collects. If a government spends more money on
expenditures than it collects in taxes, it may end up with not enough money, called
deficit. Which of the following could result in a county government having a deficit
budget?
a
The country closes a clinic reducing expenditures, without adjusting taxes.
b. The goverment raises sales and property taxes Without adjusting expenditures.
C.
The county gives all sheriff deputies a raise without adjusting taxes
d. The county collects donations to build a WWII veteran memorial
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