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Earn +20 ptsQ: When government revenues and expenditures are equal there is?
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Are tax revenues of local governments more than equal to or less than their expenditures?
Usually a lot less. A substantial part of their income is in the form of grants from Central Government.
According to the Multiplier Equation equilibrium income will be equal to the multiplier divided by autonomous expenditures?
Actually it is the change in the equilibrium expenditure divided by the change in autonomous expenditure. That will equal the expenditure multiplier.
What revenues did Timberland have in 1979?
Revenues topped $16 million in 1979
What is the resulting figure when income is greater than expenditures?
Savings.
What are the two sides of budget?
revenues (income) and expenses
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