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Table 152 The Data in the Table Represents Budget Figures for the
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Question 26

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Table 15.2
 Federal goverunent expenditures on  goods and sernices $840 million  Trarsfer payments $145 million  Tax reverue $735 million  frterest payment on existing debt $95 million  Seigriorage $20 million  Newly-issued poverunent bonds $325 million \begin{array} { | l | r | } \hline \text { Federal goverunent expenditures on } & \\\hline \text { goods and sernices } & \$ 840 \text { million } \\\hline \text { Trarsfer payments } & \$ 145 \text { million } \\\hline \text { Tax reverue } & \$ 735 \text { million } \\\hline \text { frterest payment on existing debt } & \$ 95 \text { million } \\\hline \text { Seigriorage } & \$ 20 \text { million } \\\hline \text { Newly-issued poverunent bonds } & \$ 325 \text { million }\end{array}
The data in the table represents budget figures for the nation of Harmonia for 2012.
-Refer to Table 15.2.From the information presented in the table,calculate the following values for the nation of Harmonia in 2012:
a. the budget deficit
b. the primary budget deficit
c. the uses of government funds
d. the sources of government funds

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a. The budget deficit = Gt + TRt + itBt₋...

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