macroeconomics A) (the public defict/the public debt) is the total amount of money that the government...
macroeconomics
A)
(the public defict/the public debt)
is the total amount of money that the government owes, while
(the public defict/the public debt)
is the
(differernt between/sum of)
government expenditures and government revenues for a given period
of time.
b)
Government gains revenue through
(fiscal/transfer payment/taxes)
and expends money through
(taxex and purchases/purchases/purchases and transfer
payment/monetary policy)
Homework Answers
A - PUBLIC DEBT is the total amount of money that the government owes while the PUBLIC DEFICIT is the DIFFERENCE BETWEEN the government expenditure and the government revenue over a period of time.
B - Government gains revenue through TAXES and expends through PURCHASES AND TRANSFER PAYMENTS.
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macroeconomics
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