« previous next »

Author Question: A country reports that its government outlays total 0.8 trillion and its tax revenues total 0.6 ... (Read 76 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jun 29, 2018
A country reports that its government outlays total 0.8 trillion and its tax revenues total 0.6 trillion. Does the country have a budget surplus or deficit and what is the surplus or deficit?
 
  What will be an ideal response?

Question 2

Goods and services that we buy from firms in other countries are called our
 
  A) imports.
  B) exports.
  C) inputs.
  D) raw materials.
  E) obligations.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

The country has a budget deficit. The deficit equals 0.2 trillion.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

clippers!

  • Hero Member
  • *****
  • Posts: 828
Reply #2 on: Jun 29, 2018
Thank you


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black The effective temperature, or black body temperature, of the Sun (5777 K) is the temperature a black
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today. David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today.
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
GDP per Capita by Country Group, 1820–2008 GDP per Capita by Country Group, 1820–2008
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library