Author Question: When the government's outlays equal its tax revenue, the budget A) has a deficit and the national ... (Read 79 times)

jCorn1234 · **on:** Jun 29, 2018

When the government's outlays equal its tax revenue, the budget

A) has a deficit and the national debt is increasing.
B) has a deficit and the national debt is decreasing.
C) is balanced and the national debt is not changing.
D) has a surplus and the national debt is decreasing.
E) has a surplus and the national debt is increasing.

Question 2

Property rights are limited to tangible items such as land and machinery.

Indicate whether the statement is true or false