Influence AS: Reduce income and corporation tax to encourage spending and investment; subsidise training or spend more on education; spend more on infrastructure(Roads and schools) A government has a budget deficit when expenditure exceeds tax receipts in a financial year. Different kinds of taxes: ...
A budget surplus occurs when income is greater than spending. When a budget surplus arises, there are a number of ways it can be dealt with. In households, the decision to save the extra money may be made, under the argument that it can provide a financial buffer in case someone loses ...
True or false? Budget deficits contribute to higher debt. True or false? A recession is a period of declining real incomes and declining unemployment. State true or false and justify your answer: The crowding-out effect occurs when an expansionary fiscal p...
D. The government is running a budget surplus 正确答案:C,D 分享到: 答案解析: The correct answers are: The government's income exceeds its expenditure and The government is running a budget surplus Rationale: A budget surplus occurs when a government's income exceeds its expenditure: there ...
The government is running a budget deficit. B The government's expenditure exceeds its income C The government is running a budget surplus D Public Sector Debt Repayment (PSDR) is high. 考点 Chapter3Themacroeconomicenvironment 解析 Rationale: A budget surplus occurs when a government's income exc...
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A shortage occurs when there is less of something than people want or need. A budget shortage (or deficit) would indicate that expenses are higher than income. An economic shortage means producers are creating fewer units of a product than consumers demand. That means that not everyone who wan...
A current account deficit occurs when the sum of the debit entries exceeds the sum of the credit entries. A current account surplus occurs when the sum of the credit entries exceeds the sum of the debit entries. US Current Account (2003) Balance of Payments The Financial Sector The Capital ...
How Does a Budget Deficit Work? A budget deficit occurs when a government spends more money than it collects. This can be the result of an ailing economy, a recession, or high unemployment rates. The government collects less in taxes when citizens are working and earning less.7 Why Did Chi...
Adeficitis the opposite of a surplus. A deficit occurs when expenses exceedrevenues, imports exceed exports, or liabilities exceed assets, resulting in a negative balance. Just as a surplus is not always a positive sign, deficits are not always unintentional or the sign of a government or busi...