Your income is $40,000 per year; your expenditures are $45,000. You spend $10,000 of that $45,000 for

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Your income is $40,000 per year; your expenditures are $45,000. You spend $10,000 of that $45,000 for tuition. Is your budget in deficit or surplus?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 05:09 AM

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Your income is $40,000 per year; your expenditures are $45,000. You spend $10,000 of that $45,000 for

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It depends Your cash flow budget is in deficit since ...View the full answer

Macroeconomics

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