Suppose that the government's total tax receipts are $334, government spending on goods and services is $549 and transfer payments are $120. What is the government' budget surplus or deficit? Ignore the $ sign.

Suppose that the government's total tax receipts are $334, government spending on goods and services is $549 and transfer payments are $120. What is the government' budget surplus or deficit? Ignore the $ sign.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that the government's total tax receipts are $334, government spending on
goods and services is $549 and transfer payments are $120. What is the government's
budget surplus or deficit? Ignore the $ sign.

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