Suppose that in 2020 the average citizen's federal tax bill is $9,372,and total federal spending is $10,824 per person.In 2020,the federal government will have
A)a budget surplus.
B)a budget deficit.
C)horizontal equity.
D)vertical equity.

Question

Quizplus · Accepted Answer

Since the average citizen's federal tax bill is less than total federal spending per person, the government will have a budget deficit.

Suppose That in 2020 the Average Citizen's Federal Tax Bill