Assume the following information for an imaginary, closed economy.

GDP = $100,000; Taxes = $22,000; Government purchases = $25,000; National saving = $15,000.

This economy's government is running a

A) budget surplus of $3,000.

B) budget surplus of $12,000.

C) budget deficit of $3,000.

D) budget deficit of $12,000.

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Sonal BahlLv10

30 Sep 2020

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