A government budget deficit is
A) an excess of government spending over government revenues during a given time period.
B) a situation in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given time period.
C) the total value of all outstanding federal government securities.
D) all federal government debt irrespective of who owns it.
Question 2
Corporate profits are taxed twice because
A) taxes are collected on profits before profits are distributed to shareholders.
B) the government wants to minimize the amount of tax paid on capital gains.
C) it is economically efficient to reduce the amount of retained earnings.
D) capital gains are not indexed to the rate of inflation.
Hydrocephalus. The figure on the left is a child with the enlarged ventricles of hydrocephalus. The
Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
Annual Federal Deficit (or Surplus), 1992–2016
Deficiency/Vice, Mean/Virtue, Excess/Vice
Symptoms That May Lead to a Diagnosis of Attention Deficit/Hyperactivity Disorder
Government Corruption versus GDP per Capita, 2009