Print Calculator Periodic Table Question 3 of 7 Sapling Learning nacmilan learni

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Print Calculator Periodic Table Question 3 of 7 Sapling Learning nacmilan learning Djiboutiopia is a country that has closed borders and does not import or export any goods or services hence, they do not worry about trade with other countries. Total spending for the federal government of Djiboutiopia for the last fiscal year was 1.06 billion dolla The country collected 1.05 billion dollars in taxes during this same fiscal year. Assume government transfers were zero. Based on this information, Djiboutiopia's budget balance totals Number billion dollars Use the answer to the last question to answer this question. In the last fiscal year, Djiboutiopia was running: O O O a budget deficit a balanced budget a budget surplus Hint O Previous Check Answer

Explanation / Answer

Budget balance = Taxes - Government expenditure = 1.05 - 1.06

Budget balance = - $ 0.01 bn

Djiboutiopia was running - A budget deficit (Government expenditure > Taxes)

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