If a government increases tax revenue by \$100 billion and decreases spending by \$50 billion, what is the effect on the budget surplus or deficit?

Which of the following periods was characterized by budget deficits in the United States?

What happens to the budget deficit if government outflows increase while inflows remain constant?

If a government has a tax revenue of \$500 billion and spends \$450 billion on purchases and transfers, what is the budget surplus or deficit?

If government inflows increase while outflows remain constant, what happens to the budget surplus or deficit?

A government collects \$300 billion in taxes and spends \$350 billion on purchases and transfers. What is the budget surplus or deficit?

Evaluate the impact of increased government spending on budget deficits during a recession.

What is a budget deficit?

During economic expansions, how are budget deficits typically affected?

During which period did the United States experience a budget surplus?