Suppose MTR = 0.3 and G = $300 million for the economy of White Forest.
a)At what level of GDP will White Forest have a balanced budget?
b)At what level of GDP will White Forest have a budget surplus of $60 million?
c)What is the balance of the government budget if the level of GDP is $900 million?

Question

Quizplus · Accepted Answer

The Answer of Suppose MTR = 0.3 and G = $300 million for the economy of White Forest.
a)At what level of GDP will White Forest have a balanced budget?
b)At what level of GDP will White Forest have a budget surplus of $60 million?
c)What is the balance of the government budget if the level of GDP is $900 million?