Asked by
Faith Myers
on Oct 13, 2024Verified
If government expenditures exceed tax receipts then,other things being constant
A) a surplus exists.
B) a balanced budget exists.
C) the public debt will rise.
D) the deficit becomes smaller.
Government Expenditures
Represents the total amount of money spent by the government on various sectors including defense, education, and healthcare.
Tax Receipts
The total collected income from taxes by a government during a specified period.
Public Debt
The total amount of money that a government owes to creditors, both domestic and foreign, also known as national or government debt.
- Understand the implications of government expenditures and tax receipts on public debt.
Verified Answer
JB
Learning Objectives
- Understand the implications of government expenditures and tax receipts on public debt.