In 1998 the government reduced its debt by $30 billion and it spent $230 billion. How...
In 1998 the government reduced its debt by $30 billion and it spent $230 billion. How much revenue did the government receive in 1998?
Select one:
a. $200 billion
b. $230 billion
c. $260 billion
d. $290 billion
e. $300 billion
Homework Answers
c. $260 billion
Is correct option
Because in 1998 the government get the revenue(from taxes and transfer) equal to the expenditure which is equal to $30 billion + $230 billion government spending . the total amount receive in 1998 is $260 billion by the government
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In 1998 the government reduced its debt by $30 billion and it
spent $230 billion. How...
Suppose that in 2010 the government collected $200 billion in revenue and spent $170 billion, while...
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Suppose that in the country of Economia: Net Investment = $30 billion, Exports = $50b, Government Expenditure = $70b, Imports = $40b, Consumption = $120 billion, and GDP = $280 billion. What does Depreciation equal in Economia? Select one: O a. $120 billion b. $100 billion C. $80 billion O d. $70 billion e. $50 billion
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