In 2011, the U.S. government budget had a deficit. By definition, then,
A. tax revenues were less than government outlays.
B. tax revenues were equal to government outlays.
C. tax revenues were greater than government outlays.
D. the government debt became negative.
Answer:A
In 2011, the U.S. government budget had a deficit. By definition, then,
A. tax revenues were less than government outlays. B. tax revenues were equal to government outlays. C. tax revenues were greater than government outlays. D. the government debt became negative.