Question : Which of the following is NOT a key component of a government budget?
Option 1: Expenditures
Option 2: Revenues
Option 3: Deficits
Option 4: Interest rates
Correct Answer: Interest rates
Solution : The correct answer is (d) Interest rates.
Interest rates can have an impact on the economy and government finances, they are not a direct component of a government budget. Interest rates are set by the central bank or monetary authorities to regulate borrowing costs, stimulate or control economic activity, and manage monetary policy.
Question : A government budget deficit occurs when:
Question : The difference between total government expenditures and total government revenues is known as:
Question : Which of the following is not a component of aggregate demand?
Question : A government budget that includes provisions for an economic downturn is known as:
Question : Government borrowing to finance budget deficits ____________.
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