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Home Q & A Board Other Fields Homework Help Business Economics
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malabranche13 malabranche13
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5 years ago

Question 1.

The difference between what a government spends and what it collects in taxes in a year is



▸ net revenue.

▸ net taxes.

▸ the government budget deficit or surplus.

▸ the government debt.

Question 2.

In 2016, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2016, the city of Canfield had a



▸ budget surplus of $450,000.

▸ budget surplus of $50,000.

▸ budget deficit of $50,000.

▸ budget surplus of $5,000.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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emr21emr21
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5 years ago
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malabranche13 Author
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5 years ago
You make an excellent tutor!
annakc
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Yesterday
Brilliant ツ
aznzergs
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2 hours ago
Just got PERFECT on my quiz
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