Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bahrainia is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade

Bahrainia is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries. Total spending for the federal government of Bahrainia for the last fiscal year was 24.2 billion dollars. The country collected 22.9 billion dollars in taxes during this same fiscal year. Assume government transfers were zero.

Based on this information, what is the Bahrainia's budget balance totals?

Step by Step Solution

3.36 Rating (137 Votes )

There are 3 Steps involved in it

Step: 1

Budget Deficit S... blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Principles, Problems and Policies

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

20th edition

978-0077660819, 77660811, 978-1259450242

More Books

Students also viewed these Finance questions

Question

Discuss whether self-actualization should be everyones goal.

Answered: 1 week ago