A budget deficit occurs when government expenditure is greater than revenue. When this happens the government is now forced to acquire loans to remedy the deficiency and as such national debt grows. A budget surplus occurs when revenue is greater than expenditure. When this occurs there is no need to get more loans and the surplus can now be used to service the national debt; thus reducing it.
One assumption that is made with supply-side economics would be that Tax cuts will stimulate the economy, eventually bringing in more tax revenue," since this theory holds that wealth "trickles down" from the top of the economy. <span>
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Answer:
New Granada (Colombia and Panama), Venezuela, and Quito (Ecuador)
Explanation:
Answer:
A, West Germany. B, Berlin. C, East Germany
Explanation:
It means that after senator of state William H Seward brought the land for 7.2 million dollar, his decision is unwise to many people
