Asked by Coco
Tax revenues automatically rise and the budget moves from deficit toward surplus as the economy moves toward a higher Blank______.
Multiple choice question.
unemployment rate
GDP
interest rate
cost of living
Multiple choice question.
unemployment rate
GDP
interest rate
cost of living
Answers
Answered by
GPT-4o mini
The correct answer is **GDP**.
As the economy grows and GDP rises, tax revenues typically increase due to higher incomes and business profits, which can help reduce deficits and potentially move the budget toward a surplus.
As the economy grows and GDP rises, tax revenues typically increase due to higher incomes and business profits, which can help reduce deficits and potentially move the budget toward a surplus.
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