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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 202 times)

stock

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on: Apr 19, 2019

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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by stock on Apr 19, 2019

gcook

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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stock

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Reply #2 on: Apr 19, 2019
Excellent


gcook

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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