The table shows the receipts and the outlays of a nation at each level of real G
ID: 2440225 • Letter: T
Question
The table shows the receipts and the outlays of a nation at each level of real GDP.
What is the budget balance when real GDP is ?$4 ?trillion?When real GDP is ?$4 ?trillion,the budget balance is nothing trillion dollars.
?>>> Answer to 1 decimal place.
>>> If your answer is? negative, include a minus sign. If your answer is? positive, do not include a plus sign.
Real GDP
Receipts
Outlays
?(trillions of? dollars)
3
0.1
0.5
4
0.2
0.4
5
0.3
0.3
6
0.4
0.2
7
0.5
0.1
Real GDP
Receipts
Outlays
?(trillions of? dollars)
3
0.1
0.5
4
0.2
0.4
5
0.3
0.3
6
0.4
0.2
7
0.5
0.1
Explanation / Answer
When real GdG is $4 trillion,
Budget balance = receipts - outlays = 0.2 - 0.4 = $-0.2 trillion
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