If a local government collects taxes of $250,000,has $175,000 of government consumption expenditures,makes transfer payments of $75,000,and has no interest payments or investment,its budget would

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The budget is balanced because the total tax revenue ($250,000) equals the sum of government consumption expenditures ($175,000) and transfer payments ($75,000), with no surplus or deficit.

If a Local Government Collects Taxes of $250,000,has $175,000 of Government