Question
Ssuppose a government has no debt and a balance budget. Suddenly it decides to spend $5 trillion while raising only $4 trillion worth of taxes.
Ssuppose a government has no debt and a balance budget. Suddenly it decides to spend $5 trillion while raising only $4 trillion worth of taxes. What will be the government's deficit?
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Financial Accounting Making The Connection
Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
