This topic contains a solution. Click here to go to the answer

Author Question: If the government has no debt initially, but then has annual revenues of 10 billion per year for 4 ... (Read 87 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
If the government has no debt initially, but then has annual revenues of 10 billion per year for 4 years and annual expenditures of 10.5 billion per year for 4 years, then the government has
 
  A) a budget surplus of 0.5 billion per year and a debt of 2 billion at the end of the 4 years.
  B) a budget deficit of 0.5 billion per year and a debt of 2 billion at the end of the 4 years.
  C) a budget surplus of 0.5 billion per year and a surplus of 2 billion at the end of the 4 years.
  D) a budget deficit of 0.5 billion per year and a budget surplus of 2 billion at the end of the 4 years.

Question 2

The degree to which an asset can be acquired or disposed of without much loss of nominal value or transaction costs is known as
 
  A) fiducia. B) credit. C) fiat money. D) liquidity.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lucas dlamini

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

B

Answer to Question 2

D




Bernana

  • Member
  • Posts: 530
Reply 2 on: Jun 30, 2018
:D TYSM


31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library