Suppose during one fiscal year, government purchases are $195 billion, debt- service payments are $22 billion and net tax revenues are $208 billion. What is the government's primary budget deficit/surplus?
A) primary budget surplus of $9 billion
B) primary budget deficit of $9 billion
C) primary budget surplus of $13 billion
D) primary budget surplus of $22 billion
E) primary budget deficit of $13 billion
Correct Answer:
Verified
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