ECO 103 Ch.12 Deficits & Debt 4/7 Answer Choices No Explanation needed.

QUESTION 1

Gov purchases=300 and taxes=300, the budget is in _ by _.

1. deficit, 600
2. deficit, 300
3. balance, equal amounts
4. surplus, 300
5. surplus, 600

Question 2:

public $ 1250 T3 1000 T2 G 800 T1 640 512 full GDP 3200 4000 5000