Question

The government announced that last year it spent $589 million in mandatory outlays and $416 million in discretionary outlays. It received $1015 million in revenue. Last year, the government had a budget________ of______$ million.

Answer 1

Answer:

The Last year, the government had a budget suplus of $ 10 million.

Explanation:

Government expenditure = $589 million + $416 million

                                           = $1005 million.

Government revenue = $1015 million

Government budget suplus = government expenditure - government revenue

                                              = 1005 million - 1015 million

                                              = $10 million

Therefore, The Last year, the government had a budget suplus of $ 10 million.