If the government spends less than what it receives in taxes ...

[HCHenry]

If the government spends less than what it receives in taxes during a given interval, then the result is
 
  A) a balanced budget.
  B) an entitlement.
  C) unrealized public debt.
  D) a government budget surplus.

Question 2

An economic model should capture
 
  A) the essential relationships that help to analyze the problem.
  B) all possible variables that apply to the problem.
  C) only social value related variables.
  D) all of the above.

[14vl19]

Answer to Question 1

D

Answer to Question 2

A

[HCHenry]

Thanks for the timely response, appreciate it

[Hdosisshsbshs]

Excellent