Government spending in the United States has grown over time and now accounts for more than 40 percent of U. S. national income. Does this mean that government has been consistently running a budget​ deficit? A. ​No, government deficits also depend on the national debt. B. ​Yes, government deficits are a direct result of government spending over time. C. ​No, government deficits depend upon spending and tax revenue. D. ​Yes, as government spending has​ increased, deficits have become inevitable.

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls