Which of the following occurs when all taxes and other revenues excee – McqOptions

MCQOPTIONS

1.	Which of the following occurs when all taxes and other revenues exceed government expenditures for a year?
A.	public debt
B.	budget surplus
C.	balanced budget
D.	budget deficit
Answer» C. balanced budget

Discussion

No Comment Found

Related MCQs

………………...is that process in which taxpayer tries to shift burden of tax on others.
Unfunded debts are those debts which are paid back within …………
Progressive Tax System is that system in which what happens in the rate of tax if there is anincrease in income?
The term ‘Performance Budget’ was coined by
If the public debt can be financed without adding to inflation or causing interest rates to rise, it issaid to be:
Which of the following occurs when all taxes and other revenues exceed governmentexpenditures for a year?
The ratio of change in the national income in relation to the change in government spending thatcauses it is referred to as:
The principle of public expenditure that requires that Government should avoid shortfall ofrevenue in comparison with its expenditure is termed as
Which of the following describes the situation where revenues and expenditures are equal duringa given period?
During the process of economic development, the share of public expenditure to Gross DomesticProduct tends to expand. This is called: