Answered: In an economy, the Fiscal deficit is…

In an economy, the Fiscal deficit is $21,000 and the total receipts excluding Borrowings is $8000 Calculate the value of total expenditure

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter16: Budget Deficits In The Short And Long Run

Section: Chapter Questions

Problem 2TY

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Question

In an economy, the Fiscal deficit is $21,000 and the total receipts excluding Borrowings is $8000

Calculate the value of total expenditure

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