Multiple Choice
Consider the government's budget balance.Suppose G = 2500 and the government's net tax revenue is equal to 0.2Y.When Y = 11 000,the government is running a budget
A) deficit of 1500.
B) surplus of 300.
C) balance.
D) deficit of 300.
E) surplus of 1500.
Correct Answer:
Verified
Correct Answer:
Verified
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