Question
In 2020, the government of Dalat Republic spent a total of $650 billion and collected a total of $580 billion in taxes. In 2021, the
In 2020, the government of Dalat Republic spent a total of $650 billion and collected a total of $580 billion in taxes. In 2021, the total government spending was $590 billion and the tax revenue was $610 billion. Calculate the budget balance and identify the budget status of Dalat Republic in 2020 and 2021. Please show your workings clearly.
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
