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Author Question: A country reports that its government outlays total 0.8 trillion and its tax revenues total 0.6 ... (Read 97 times)

clippers!

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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
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ebe

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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


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clippers!

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Reply #2 on: Jun 29, 2018
Thank you


ebe

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Reply #3 on: Jun 29, 2018
No problemo


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