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8. (2 points) If a local government collects taxes of $250 thousand, has $175 thousand of government expenditures, makes transfer payments of $75 thousand, receives

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8. (2 points) If a local government collects taxes of $250 thousand, has $175 thousand of government expenditures, makes transfer payments of $75 thousand, receives interest income of $15 thousand from government loans, and makes $10 thousand interest payment on government bonds, its budget would show a (surplus / deficit) of $ thousand

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