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Scenario 27-1. Assume the following information for an imaginary, closed economy. Category In Dollars GDP $100,000 Taxes $22,000 Government Purchases $25,000 National Saving $15,000 Refer
Scenario 27-1. Assume the following information for an imaginary, closed economy. Category In Dollars GDP $100,000 Taxes $22,000 Government Purchases $25,000 National Saving $15,000 Refer to Scenario 27-1. This economy's government is running a budget a. deficit of $12,000. b. deficit of $3,000. c. surplus of $3,000. d. surplus of $12,000
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