106) The difference between the actual government budget deficit and its debt service payments is defined as the

primary budget defici

cyclically-adjusted budget deficit

exogenous budget deficit

smoothed budget deficit

Answer is:

primary budget defici

the area BDL’L

the area of WBDW’

the areas WBFW’ and FDL’L together

.the areas WBDW’ and FDL’L together

Answer is:

.a negative externality

.a positive externality

increasing return

a public good

Answer is:

those levied unexpectedly after economic decisions have taken place

.ad valorem taxes

those consistent with the Ramsey principle of public finance

.proportional income taxes

Answer is:

the Ramsey Principle

the Laffer Curve

.the long-run Phillips Curve

.the Beveridge Curve

Answer is: