The governmentʹs budget deficit or surplus equals the
A. change in outlays divided by change in revenue.
B. average outlay divided by average revenue.
C. change in revenue minus change in outlays.
D. total tax revenue minus total government outlays.
Answer:D
The governmentʹs budget deficit or surplus equals the
A. change in outlays divided by change in revenue. B. average outlay divided by average revenue. C. change in revenue minus change in outlays. D. total tax revenue minus total government outlays.