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National Public Debt Exercise 2 The table below presents the tax revenue and government expenditures for a country. Federal Tax Revenue and Government Expenditure:s Tax
National Public Debt Exercise 2 The table below presents the tax revenue and government expenditures for a country. Federal Tax Revenue and Government Expenditure:s Tax Revenue (billions of dollars) Government Expenditures (billions of dollars) Income tax revenue Payroll tax revenue Excise tax revenue $1,200 600 90 National defense Transfer payments Interest on debt Purchases of goods and 640 800 80 900 ervicesS Total Total a. Complete the table above by calculating the total tax revenue and total government expenditures for the year b. In the current year, the government has a (Click to select) of $ c. If the government has an accumulated debt of $2,600 billion the year before, what will be its debt at the end of the year? billion billion
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