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vellojo vellojo
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7 years ago
In 2009, the federal government of Happy Isle had tax revenues of $1 million, and spent $500,000 on transfer payments, $250,000 on goods and services and $300,000 on debt interest. In 2009, the government of Happy Isle had a ________.
A) budget deficit of $1,050,000
B) budget surplus of $50,000
C) budget deficit of $50,000
D) balanced budget
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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7 years ago
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vellojo Author
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#2
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
wrote...
#3
7 years ago
Welcome Slight Smile
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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