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Consider the following table that reports government revenues and expenses. Individual 250 taxes Company 125 Transfer payments 200 taxes Indirect 100 Spending on goods and
Consider the following table that reports government revenues and expenses. Individual 250 taxes Company 125 Transfer payments 200 taxes Indirect 100 Spending on goods and 260 taxes services Non-tax 10 Interest and other 60 revenue payments Calculate the budget balance. Is the budget in deficit or surplus
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