MBA502X4357 Economics for Business 18TW4 Todd Homework 92 My

MBA-502-X4357 Economics for Business 18TW4 Todd Homework: 9-2 MyEconLab: Module Nine Homeworl Score: 0 of 2 pts 10 of 25 (6 complete) Text Problem 14-1 In 2015, government spending is $3.6 trillion, and taxes collected are $3.3 trillion. What is the federal government deficit in that ye Annual Deficit strillion. (Enter your response as a decimal rounded to one decimal place.) Enter your answer in the answer box and then click Check Answer

Solution

Budget deficit the difference between the amount of revenue raised by taxes and the amount of federal government spending in a fiscal year.

Budget deficit = $ 3.3 trillion - $ 3.6 trillion

Budget deficit = $ 0.3 trillion