2. Economics
3. suppose in a given fiscal year government purchases equal 1000...

Question: suppose in a given fiscal year government purchases equal 1000...

Question details

Suppose in a given fiscal year government purchases equal $1000, tax revenues are$1200, and transfer payments are \$200. There is a budget deficit of ?

C. 200

B. 400

C. 600

D. The budget is unbalanced.