Multiple Choice
Consider the government's budget balance.Suppose G = 500 and the government's net tax revenue is equal to 0.25Y.When Y = 2920,the government is running a budget
A) deficit of 730.
B) surplus of 230.
C) balance.
D) deficit of 230.
E) surplus of 730.
Correct Answer:
Verified
Correct Answer:
Verified
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