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Author Question: In 2016, the city of Sylvester collected $800,000 in taxes and spent $200,000. In 2016, the city of ... (Read 115 times)

Pea0909berry

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on: Apr 19, 2019

Question 1

The government budget deficit or surplus is the difference between what a government ________ and what it ________ in a year.


◦ pays for imports; spends on exports
◦ spends; collects in taxes
◦ earns from transfers; pays in transfers
◦ spends on programs; gives away in foreign aid

Question 2

In 2016, the city of Sylvester collected $800,000 in taxes and spent $200,000. In 2016, the city of Sylvester had a


◦ budget surplus of $200,000.
◦ budget surplus of $600,000.
◦ budget deficit of $200,000.
◦ budget surplus of $1,000,000.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Pea0909berry on Apr 19, 2019

lcapri7

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Reply #1 on: Apr 19, 2019
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Pea0909berry

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Reply #2 on: Apr 19, 2019
Thanks


lcapri7

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Reply #3 on: Apr 19, 2019
Welcome :)


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