If you are given the following: C= 80+0.8 (Y-T) where T is Taxes I=30, where I is investment G= 50 where G is government spending T= 50, Then we can say that the government is running: а. budget deficit b. public debt с. budget surplus d. balanced budget

If you are given the following: C= 80+0.8 (Y-T) where T is Taxes I=30, where I is investment G= 50 where G is government spending T= 50, Then we can say that the government is running: а. budget deficit b. public debt с. budget surplus d. balanced budget

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

If you are given the following:
C= 80+0.8 (Y-T) where T is Taxes
|=30, where I is investment
G= 50 where G is government spending
T= 50,
Then we can say that the government is
running:
а.
budget deficit
b.
public debt
С.
budget surplus
d.
balanced budget

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