Figure 32-1

In Figure 32-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income does the official budget produce a surplus?

Question

Figure 32-1
Figure 32-1 In Figure 32-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income does the official budget produce a surplus? A) Y4 B) Y3 C) Y2 D) Y1

Figure 32-1 In Figure 32-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income does the official budget produce a surplus? A) Y<sub>4</sub> B) Y<sub>3</sub> C) Y<sub>2</sub> D) Y<sub>1</sub>

In Figure 32-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income does the official budget produce a surplus?

Quizplus · Accepted Answer

The Answer of Figure 32-1 In Figure 32-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. At which level of income does the official budget produce a surplus? A) Y₄ B) Y₃ C) Y₂ D) Y₁

Figure 32-1 In Figure 32-1, There Are Four Levels of Income. G