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vurt777 vurt777
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A year ago
Effect of Government

The table lists the expenditures and income of the federal government for last year:
Government spending on goods and services$900,000​
Social Security and welfare payments$700,000​
Transfers to state and local governments$235,000​
Personal income taxes$900,000​
Corporate (business) income taxes$400,000​
Social Security taxes$120,000​
Total government expenditures for last year are ________ and total government income is ________. The government is currently operating with a budget ________ (surplus/deficit).

▸ $1,420,000, $1,835,000, deficit

▸ $1,835,000, $1,420,000, deficit

▸ $1,420,000, $1,835,000, surplus

▸ $1,835,000, $1,420,000, surplus
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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hannahfenghannahfeng
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A year ago
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vurt777 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
fgarza2146
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This site is awesome
dedricgard
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2 hours ago
Helped a lot
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