« previous next »

Author Question: A country reports that its government outlays total 0.8 trillion and its tax revenues total 0.6 ... (Read 88 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?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Fallow deer at Avon Valley Country Park, Bristol, England Fallow deer at Avon Valley Country Park, Bristol, England
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Steady State in the Two-Country Model Steady State in the Two-Country Model
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5 Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library