Suppose that the government's total tax receipts are $334, government spending on goods and services is $549 and transfer payments are $120. What is the government' budget surplus or deficit? Ignore the $ sign.

Suppose that the government's total tax receipts are $334, government spending on goods and services is $549 and transfer payments are $120. What is the government' budget surplus or deficit? Ignore the $ sign.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 38CTQ: Why is spending by the U.S. government on scientific research at NASA fiscal policy while spending...

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Question

Suppose that the government's total tax receipts are $334, government spending on
goods and services is $549 and transfer payments are $120. What is the government's
budget surplus or deficit? Ignore the $ sign.

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