Solved

Suppose During One Fiscal Year, Government Purchases Are $195 Billion

Question 33

Multiple Choice

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:

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