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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

When governments run budget surpluses, what is done with the extra funds?

To determine

The ways to use of extra funds when the government runs a budget surplus.

Explanation

Budget surplus is the excess of tax revenues over government expenditure. In times of surplus, the government can use the funds to repay external debt, to pay interest on public debt (bonds, T-bills, etc.) make interest payments for external debt, etc...

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