When the total amount the government spends equals tax revenues in any given year which of the following remains constant is Real gross domestic product
The government spending is said to be often equal to its revenue.
- Balanced budgets is a regarded as a means in which the government's spending is exactly equal to the total taxes and other revenues it collects during a given period of time.
When the total amount of government spending exceeds total revenue this is called a budget deficit.
The price of goods may change but the product is constant.
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