If the U.S. government spends $20 billion on unemployment compensation benefits, purchases $75 billion of goods and services, and collects taxes of $100 billion, then there is a budget

Question

Quizplus · Accepted Answer

The government's total spending is the sum of unemployment compensation benefits ($20 billion) and purchases of goods and services ($75 billion), which equals $95 billion. Since the government collects $100 billion in taxes, subtracting the total spending ($95 billion) from the taxes collected ($100 billion) results in a budget surplus of $5 billion.

If the US Government Spends $20 Billion on Unemployment Compensation Benefits, Purchases