A situation in which the estimated government revenue is ...
A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as
Surplus budgeting
Supplementary budgeting
Balanced budgeting
Deficit budgeting
Correct answer is D
If revenue expenses of the government exceed revenue receipts, it results in revenue account deficit. When the revenue is less than the estimated expenditure, it results to a budget deficit.
Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income? ...
If the coefficient of price elasticity of supply is greater than one, the supply is said to be ...
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