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Author Question: In 2016, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2016, the city of ... (Read 180 times)

stock

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Question 1

The difference between what a government spends and what it collects in taxes in a year is


◦ net revenue.
◦ net taxes.
◦ the government budget deficit or surplus.
◦ the government debt.

Question 2

In 2016, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2016, the city of Canfield had a


◦ budget surplus of $450,000.
◦ budget surplus of $50,000.
◦ budget deficit of $50,000.
◦ budget surplus of $5,000.


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Marked as best answer by stock on Apr 19, 2019

gcook

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gcook

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