The budget of an economy is said to be in deficit when: a. ...

[Haya94]

The budget of an economy is said to be in deficit when:
 a. federal outlays exceed revenues.
 b. federal revenues exceed outlays.
 c. anticipated inflation rate exceeds its actual rate.
 d. there is a loss of value of a country's currency with respect to one or more foreign reference currencies.
  e. anticipated interest rate exceeds its actual rate.

Question 2

Which of the following people would be counted in the labor force?
 a. Chou, who lost his job and last looked for work three months ago
 b. Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast food restaurant
  c. Jordan, who would like to work as a stockbroker but is a stay-at-home father
 d. Steffan, who is a patient in a mental hospital
 e. Monique, age 90, who is enjoying her retirement in Montana

[mcinincha279]

Answer to Question 1

a

Answer to Question 2

b

[Haya94]

Great answer, keep it coming

[tkempin]

Thanks for the timely response, appreciate it