Government officials of Country Z estimate that next years public programs will cost $19 million but that

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Government officials of Country Z estimate that next year’s public programs will cost $19 million but that tax revenues will be only $15 million. Which of the following statements is false?

A. Country Z’s tax system is sufficient.

B. Country Z’s government is engaging in deficit spending.

C. If Country Z must borrow $4 million to pay for its public programs, its national debt will increase by $4 million.

D. Country Z’s government could balance its budget by eliminating a program that costs $4 million.

Related Book For answer-question

Income Tax Fundamentals 2020

ISBN: 9780357108239

38th edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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Posted Date: Jan 11, 2021 12:15 AM

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Government officials of Country Z estimate that next years public programs will cost $19 million but that

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A Country Zs tax system is sufficient Explanation ... View the full answer

Income Tax Fundamentals 2020

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