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Wittaler [7]
2 years ago
15

A federal budget deficit occurs when _____ Group of answer choices aggregate supply is greater than aggregate demand. aggregate

demand is greater than aggregate supply. there is deflation. federal government purchases exceed net taxes. there is inflation.
Business
1 answer:
andre [41]2 years ago
3 0

A federal budget deficit occurs when federal government purchases exceed net taxes. Option C is correct.

<h3>What is federal budget?</h3>

The federal budget is the budget of the United States. It comprises the federal government's spending and revenues.

The budget is the monetary or medium of exchange expression of the  priorities of the government and showing the past conflicts and conflicting economic views.

A federal budget deficit occurs when government spending exceeds revenue, which is the money collected from, fees, taxes and investments. Deficits add to the national debt, or debt owed by the federal government.

Therefore, option C is correct.

Learn more about the federal budget, refer to:

brainly.com/question/15374043

#SPJ1

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Answer:

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3 years ago
Prepare Journal Entries in a Purchases Journal
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Answer:

Explanation:

DATE Account AccountsPayable OfficeSupplies OtherAccounts

         Credited         credit                   debit                  debit

Apr. 4  Officemate    $620                 $610                 no entry

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Apr. 16Officemate     $170                   $170                  no entry

Apr. 19  Paper to Go $250                 $250                 no entry

Apr. 30 Total          $3,500                 $1050                $2,460

b. Total amount posted / credited to accounts payable=  $( 620+2,460 + $170 + 250) = $3500

Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050

What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?

$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.

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Answer:

True

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