The following table describes government spending and revenue. Based on the following table, how much is the current primary deficit? Cukai HasilTax Revenues= 2200 + 0.1GDPPindahanTransfers=1500 – 0.05GDPPembelian KerajaanGovernment Purchases=3000Pelaburan KerajaanGovernment Investment=200Bayaran faedahInterest payments=200GDP guna tenaga penuh =14,000Full employment GDPGDP sebenar=15,000Actual GDP

Primary deficit = fiscal deficit - interest payments Primary deficit = government expenditure (…

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how much is the current primary deficit?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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