1. What is more beneficial to an economy a surplus or a deficit relative to budget expenditures? Why?
2. If you were chief economic advisor to the President today, what are the three recommendations you would make to him to improve the overall effectiveness of the economy?© BrainMass Inc. brainmass.com October 9, 2019, 6:50 pm ad1c9bdddf
1. A surplus is definitely more beneficial to an economy, as the increased supply of the goods/services in the economy will bring down the prices, prompting more consumption from the public. Thus for the same amount of budgetary income, the consumers can consume more of the goods/services and ...
The expert compares a surplus or a deficit in this post.