At the end of 2019, a country's national debt was $ 200 billion. In 2020, the government spent $ 120 billion and ended the year with a debt of $ 230 billion. How much did the government receive in tax revenues in 2020? The government received

At the end of 2019, a country's national debt was $ 200 billion. In 2020, the government spent $ 120 billion and ended the year with a debt of $ 230 billion. How much did the government receive in tax revenues in 2020? The government received

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 19E

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Question

At the end of 2019, a country's national debt was

200

billion.

In 2020, the government spent

120

billion and ended the year with a debt of

230

billion.

How much did the government receive in tax revenues in 2020?

The government received

$ _____

billion in tax revenues in 2020.

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