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Author Question: Effect of GovernmentThe table lists the expenditures and income of the federal government for last ... (Read 8 times)

mccallkeeler

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Effect of Government

The table lists the expenditures and income of the federal government for last year:
Government spending on goods and services$900,000​
Social Security and welfare payments$700,000​
Transfers to state and local governments$235,000​
Personal income taxes$900,000​
Corporate (business) income taxes$400,000​
Social Security taxes$120,000​
Total government expenditures for last year are ________ and total government income is ________. The government is currently operating with a budget ________ (surplus/deficit).
◦ $1,420,000, $1,835,000, deficit
◦ $1,835,000, $1,420,000, deficit
◦ $1,420,000, $1,835,000, surplus
◦ $1,835,000, $1,420,000, surplus


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Marked as best answer by mccallkeeler on Nov 23, 2022

hariet5

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mccallkeeler

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)


blakcmamba

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Reply 3 on: Yesterday
Excellent

 

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