country x has a budget deficit. which of the following changes in government budget outlays and tax revenues will result in a de
1 answer:
The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D. This condition means that the country's tax revenue is in excess of its spending by $200 Million.
<h3>What is a Budget Deficit?</h3>When there is a shortfall between the available funds or revenue required to service the budget, the country is said to be operating in a budget deficit situation. Note that outlay means spending.
Thus, it is correct to state that The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D
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Answer:
.d. The equilibrium quantity would increase, and the effect on equilibrium price would be ambiguous.
Explanation:
The use of the machine would increase the supply of lattes and price falls. The supply curve would shift to the right. If scientists discover that coffees reduce heart attack, the demand for coffee would increase and price would increase. The demand curve would shift to the right.
The combined effect would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price.
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