if-a-government-has-a-tax-revenue-of-500-billion-and-spends-450-billion-on-purch

Question

If a government has a tax revenue of $$500 billion and spends 450 $$billion on purchases and transfers, what is the budget surplus or deficit?

Accepted Answer

$50 billion surplus

Answer

$500 billion deficit

Answer

$50 billion deficit

Answer

$450 billion surplus

If a government has a tax revenue of \$500 billion and spends \$450 billion on purchases and transfers, what is the budget surplus or deficit?