Suppose government purchases amount to $2.5 trillion, transfer payments amount to $1 trillion, net interest payments are
Question:
Suppose government purchases amount to $2.5 trillion, transfer payments amount to $1 trillion, net interest payments are $0.5 trillion, and tax revenue is valued at $3 trillion.
a) Calculate the government deficit.
b) Calculate the primary deficit.
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a To calculate the government deficit subtract total expenditure from total revenue Total Ex...View the full answer
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