Which one of the following statements about the standardized budget is correct? A. The standardized budget tells us that tax revenues should vary inversely with GDP. B. The standardized budget tells us that in a full-employment economy the federal budget should be in balance. C. The standarized budget tells us what the size of the federal budget deficit or surplus would be if the economy was at full employment. D. The standardized budget tell us the actual budget deficit or surplus realized in any given year.

Which one of the following statements about the standardized budget is correct?

A. The standardized budget tells us that tax revenues should vary inversely with GDP.

B. The standardized budget tells us that in a full-employment economy the federal budget should be in balance.

C. The standarized budget tells us what the size of the federal budget deficit or surplus would be if the economy was at full employment.

D. The standardized budget tell us the actual budget deficit or surplus realized in any given year.

 

 

Answer:

Correct option is D

because in standarised budget we predict many things and products regarding the specialised commodity and we eaily get to know about the surplus or deficit budget in any year.

Asked on February 13, 2018 in economics.
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