The table shows a nation's real GDP, tax revenues, and outlays. Calculate the budget balance when real GDP is $4 trillion. Outlays Real GDP Tax revenues (trillions of dollars) 0.1 3 4 5 6 7 0.2 0.3 0.4 0.5 0.5 0.4 0.3 0.2 0.1 The budget balance is $ Type trillion. >>> Answer to 1 decimal place. If your answer is negative, include a minus sign. Do not include a plus sign.
The table shows a nation's real GDP, tax revenues, and outlays. Calculate the budget balance when real GDP is $4 trillion. Outlays Real GDP Tax revenues (trillions of dollars) 0.1 3 4 5 6 7 0.2 0.3 0.4 0.5 0.5 0.4 0.3 0.2 0.1 The budget balance is $ Type trillion. >>> Answer to 1 decimal place. If your answer is negative, include a minus sign. Do not include a plus sign.
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
Related questions
Question
The budget balance is
$
enter your response here
trillion.
>>>
Answer to 1 decimal place. If your answer is negative, include a minus sign. Do not include a plus sign.
![The table shows a nation's real GDP, tax revenues, and outlays.
Calculate the budget balance when real GDP is $4 trillion.
Real GDP Tax revenues
Outlays
(trillions of dollars)
0.1
0.2
0.3
0.4
0.5
3
4
5
6
7
0.5
0.4
0.3
0.2
0.1
The budget balance is $ Type trillion.
>>> Answer to 1 decimal place. If your answer is negative, include a minus sign.
Do not include a plus sign.
Submit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3bdc9b1d-594e-4987-ac99-0492ef875ee6%2Fe975e675-e642-4b57-a0bf-fe6cb06ddfcc%2Fxizfd49_processed.png&w=3840&q=75)
Transcribed Image Text:The table shows a nation's real GDP, tax revenues, and outlays.
Calculate the budget balance when real GDP is $4 trillion.
Real GDP Tax revenues
Outlays
(trillions of dollars)
0.1
0.2
0.3
0.4
0.5
3
4
5
6
7
0.5
0.4
0.3
0.2
0.1
The budget balance is $ Type trillion.
>>> Answer to 1 decimal place. If your answer is negative, include a minus sign.
Do not include a plus sign.
Submit
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