To stimulate economic growth

To provide essential public services

To redistribute income and wealth

All of the above

Transfer payments

Government consumption

Government investment

Taxation

It can stimulate economic growth

It can lead to inflation

It can cause budget deficits

All of the above

When government spending exceeds government revenue

When government revenue exceeds government spending

When government spending equals government revenue

None of the above

Increased national debt

Higher interest rates

Inflation

All of the above

Increase government revenue

Decrease government spending

Both of the above

None of the above

A budget deficit is the annual shortfall of government revenue compared to government spending, while national debt is the accumulated total of all past budget deficits.

A budget deficit is the annual excess of government revenue compared to government spending, while national debt is the accumulated total of all past budget deficits.

A budget deficit is the annual shortfall of government spending compared to government revenue, while national debt is the accumulated total of all past budget surpluses.

A budget deficit is the annual excess of government spending compared to government revenue, while national debt is the accumulated total of all past budget surpluses.

Social Security benefits

Medicare benefits

Unemployment benefits

Tax refunds

To provide goods and services that the private sector cannot or will not provide

To stimulate economic growth

To redistribute income and wealth

All of the above

Government consumption is the purchase of goods and services that are used up within a year, while government investment is the purchase of goods and services that are used for more than a year.

Government consumption is the purchase of goods and services that are used for more than a year, while government investment is the purchase of goods and services that are used up within a year.

Government consumption is the purchase of goods and services that are used by the government itself, while government investment is the purchase of goods and services that are used by the public.

Government consumption is the purchase of goods and services that are used by the public, while government investment is the purchase of goods and services that are used by the government itself.

It can stimulate economic growth

It can lead to inflation

It can cause budget deficits

All of the above

Reduced national debt

Lower interest rates

Deflation

All of the above

Reduce the national debt

Increase government spending

Cut taxes

All of the above

A balanced budget is when government revenue equals government spending, while a budget surplus is when government revenue exceeds government spending.

A balanced budget is when government revenue exceeds government spending, while a budget surplus is when government revenue equals government spending.

A balanced budget is when government spending equals government revenue, while a budget surplus is when government spending exceeds government revenue.

A balanced budget is when government spending exceeds government revenue, while a budget surplus is when government revenue equals government spending.