A federal government surplus is said to exist in the event that ...

[lracut11]

A federal government surplus is said to exist in the event that ________.
 
  A) federal outlays are greater than federal revenues
  B) federal outlays are equal to federal revenues
  C) federal outlays are less than federal revenues
  D) any of the above conditions exists

Question 2

The Solow model is ________.
 
  A) the basic model of how technology changes over time
  B) the foundation for the classical economic thought of Adam Smith
  C) one of the dominant explanations of the business cycle
  D) based on the notion of diminishing marginal product of capital and labor

[chloejackso]

Answer to Question 1

C

Answer to Question 2

D