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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
When revenues equal expenditures the government budget is?
Cyclical.╓­­­■Taxen■╖
What is the situation called when the federal government’s revenues equal its expenditures in any particular year?
a balanced budget
What is the basic principle of tax system?
To generate revenues to pay for government expenditures.
When revenues exceed expenditures the government has a?
a big fat in the red( deficet )not sure how to spell it
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.
Deffrentiate between surplus and deficit?
If the Government expenditures are more than government receipts this situation represents Budget Deficit and if the government expenditures are less than the government revenue or the revenues are more than expenditures, the budget is Surplus.
What is the difference between capex and revex?
CAPEX= Capital Expenditures REVEX = Revenues Expenditures
Why does the federal government's debt go up every year?
because expenditures exceed revenues, currently by about $1 trillion/year
What is it called When tax revenues exceed expenditures?
Budget Surplus
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
When revenues exceed expenditures, _____.?
there is a budget surplus
When annual expenditures are greater than tax revenues?
When annual expenditures are greater than tax revenues, it results in a budget deficit. This means that the government is spending more money than it is receiving in taxes. To cover the deficit, the government may borrow money by issuing bonds or increasing its overall debt.
