Multiple Choice
Assume that the municipal government of Lethbridge,Alberta,has taxes of $500,government purchases of $350,transfer payments of $150,and interest expenses of $50.The government budget would
A) show a surplus of $100.
B) show a surplus of $50.
C) be in balance with neither a surplus nor a deficit.
D) show a deficit of $50.
Correct Answer:
Verified
Correct Answer:
Verified
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