a-government-collects-300-billion-in-taxes-and-spends-350-billion-on-purchases-a

Question

A government collects $$300 billion in taxes and spends 350 $$billion on purchases and transfers. What is the budget surplus or deficit?

Accepted Answer

$50 billion deficit

Answer

$300 billion deficit

Answer

$350 billion surplus

Answer

$50 billion surplus

A government collects \$300 billion in taxes and spends \$350 billion on purchases and transfers. What is the budget surplus or deficit?