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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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