The government budget is in DEFICIT when (T) - G > 0 Government expenditures (G) - Investment expenditures (I) < 0 G - Consumption expenditures (C) - | > 0 OT-G- Transfers (TR) - Interest on the Debt (INT) < O
The government budget is in DEFICIT when (T) - G > 0 Government expenditures (G) - Investment expenditures (I) < 0 G - Consumption expenditures (C) - | > 0 OT-G- Transfers (TR) - Interest on the Debt (INT) < O
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 1SCQ: When governments run budget deficits, how do they make up the differences between tax revenue and...
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![The government budget is in DEFICIT when
Taxes (T) - G > 0
Government expenditures (G) - Investment expenditures (I) < 0
G- Consumption expenditures (C) - | > 0
OT-G- Transfers (TR) - Interest on the Debt (INT) < 0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0448498f-fc6a-450b-b87e-40083153e575%2Ff9a6ddac-f805-4bee-b425-f60ee0841eb1%2Fo2gbnjq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The government budget is in DEFICIT when
Taxes (T) - G > 0
Government expenditures (G) - Investment expenditures (I) < 0
G- Consumption expenditures (C) - | > 0
OT-G- Transfers (TR) - Interest on the Debt (INT) < 0
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