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Suppose That the Government's Total Tax Receipts Are $130,government Spending

Question 105

Multiple Choice

Suppose that the government's total tax receipts are $130,government spending on goods and services is $100 and transfer payments are $40.What is the government's budget surplus or deficit?


A) A surplus of $30.
B) A surplus of $10.
C) A deficit of $30.
D) A deficit of $10.

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