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Country a Has Taxes of $60 Billion, Transfers of $45

Question 205

Multiple Choice

Country A has taxes of $60 billion, transfers of $45 billion, and government expenditures on goods and services of $45 billion. How much is Country A's deficit?


A) $0 billion
B) $15 billion
C) $30 billion
D) $45 billion

Correct Answer:

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