Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please check this one and give the answer? Suppose that during a particular year, the federal government's expenditures were $180 billion and its revenues were

please check this one and give the answer?

image text in transcribed
Suppose that during a particular year, the federal government's expenditures were $180 billion and its revenues were $200 billion. During that year Select one: a. there was a federal surplus of $20 billion O b. public debt increased by $20 billion O c. there was a federal deficit of $20 billion O d. the federal government was running a balanced budget

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Marketing

Authors: Johny K Johansson

4th Edition

0072961805, 9780072961805

More Books

Students also viewed these Economics questions

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago