1 Consider the government's budget balance Suppose G=440 and the government's net tax revenue is equal to 0.13Y. When Y= 3,000, thebudgetGETODOA. surplus of 60OB. surplus of 50OC. balanceOD. deficit of -50OE. deficit of 50

Given information, Governement spending (G)= 440 Government's net tax revenue= 0.13Y Income…

Consider the government's budget balance Suppose G=440 and the government's net tax revenue is equal to 0.13Y. When Y= 3,000, th budget GPOOD A. surplus of 60 OB. surplus of 50 OC. balance D. deficit of -50 OE. deficit of 50

Consider the government's budget balance Suppose G=440 and the government's net tax revenue is equal to 0.13Y. When Y= 3,000, th budget GPOOD A. surplus of 60 OB. surplus of 50 OC. balance D. deficit of -50 OE. deficit of 50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Consider the government's budget balance Suppose G=440 and the government's net tax revenue is equal to 0.13Y. When Y= 3,000, the
budget
GETOD
OA. surplus of 60
OB. surplus of 50
OC. balance
OD. deficit of -50
OE. deficit of 50

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