The table shows the tax revenues and the outlays of a nation at each level of real GDP. What is the budget deficit when real GDP is $4 trillion? >>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then it is reported as a negative number. When real GDP is $4 trillion, the budget deficit is $nothing trillion. >>> Answer to 1 decimal place. Real GDP Tax revenues Outlays (trillions of dollars) 3 0.1 0.5 4 0.2 0.4 5 0.3 0.3 6 0.4 0.2 7 0.5 0.1
The table shows the tax revenues and the outlays of a nation at each level of real GDP. What is the budget deficit when real GDP is $4 trillion? >>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then it is reported as a negative number. When real GDP is $4 trillion, the budget deficit is $nothing trillion. >>> Answer to 1 decimal place. Real GDP Tax revenues Outlays (trillions of dollars) 3 0.1 0.5 4 0.2 0.4 5 0.3 0.3 6 0.4 0.2 7 0.5 0.1
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 51P: A government starts off with a total debt of $3.5 billion. In year one, the government runs a...
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The table shows the tax revenues and the outlays of a nation at each level of real GDP .
What is the budget deficit when real GDP is $4 trillion?
>>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then it is reported as a negative number.
When real GDP is $4 trillion, the budget deficit is
$nothing
trillion.>>> Answer to 1 decimal place.
Real GDP
|
Tax revenues
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Outlays
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(trillions of dollars)
|
||
3
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0.1
|
0.5
|
4
|
0.2
|
0.4
|
5
|
0.3
|
0.3
|
6
|
0.4
|
0.2
|
7
|
0.5
|
0.1
|
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