Suppose total government spending is $140 billion, and it collects 20% of incomes in taxes. If total
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Suppose total government spending is $140 billion, and it collects 20% of incomes in taxes. If total income (GDP) = $450 billion, the government is running a budget balance of $_______ billion. If it has a deficit budget make sure to include a negative in front of your answer.
Related Book For
Managing in a Global Economy Demystifying International Macroeconomics
ISBN: 978-1285055428
2nd edition
Authors: John E. Marthinsen
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