As a proportion of domestic output, taxes in the United States: Group of answer choices are higher than in most other industrially advanced countries. are approximately the same as in most other industrially advanced countries. doubled in the 1990s. are lower than in most other industrially advanced countries.

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.