Solved

The Table Below Shows Government Purchases (G),net Tax Revenues (T),and

Question 27

Multiple Choice

The table below shows government purchases (G) ,net tax revenues (T) ,and debt-service payments (iD) over a 4-year period for a hypothetical economy.All figures are in billions of dollars.Assume the stock of debt at the end of 2015 is $500 billion. The table below shows government purchases (G) ,net tax revenues (T) ,and debt-service payments (iD) over a 4-year period for a hypothetical economy.All figures are in billions of dollars.Assume the stock of debt at the end of 2015 is $500 billion.   TABLE 31-1 Refer to Table 31-1.What is the primary budget deficit in 2016? A) -$12 billion B) $12 billion C) -$6 billion D) $6 billion E) There is no primary budget deficit. TABLE 31-1 Refer to Table 31-1.What is the primary budget deficit in 2016?


A) -$12 billion
B) $12 billion
C) -$6 billion
D) $6 billion
E) There is no primary budget deficit.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents