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Alekssandra [29.7K]
3 years ago
7

In the economy, tax revenue collected by the government this year is $15 million and government outlays are $13 million. This co

untry currently has a ____. Multiple Choice budget deficit of $3 million. budget surplus of $2 million public debt of $2 million budget surplus of $3 million
Business
2 answers:
zubka84 [21]3 years ago
6 0

Answer:

budget surplus of $2 million

Explanation:

When income or receipt increases from the outlay, then budget surplus arises. Whereas when outlay increases from the income or receipts the budget deficit arises.

Revenue Collection for the year = $15 million

Government outlay for the year = $13 million

Budget Surplus / Deficit = $15 million - $13 million = $2 million budget Surplus

Maksim231197 [3]3 years ago
4 0

Answer:

Budget surplus of $2 million

Explanation:

Tax revenue collected = $15 million

Government outlays = $13 million

Government outlays are government expenditures made by a government in the form of a kind service ( cash disbursement ) which are recorded for the purpose of determine the overall government spending in relation to generated revenue.

since the outlays are lower than the revenue collected there is most likely a budget surplus ( $15 million - $13 million = $2 million ).

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Answer: 4 times

Explanation:

GDP per capita is a way of measuring the wealth Distribution in a country. It is calculated by dividing the Gross Domestic Product by the population of the country. The aim usually is to see if the Country's economy is big enough considering the amount of people it has.

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A ________ management system often consists of modules such as budget planning, debt management, travel and expense management,
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Financial

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The Gardner Company expects sales for October of $247,000. Experience suggests that 40% of sales are for cash and 60% are on cre
LenKa [72]

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2 years ago
An auditor has determined a $10 million materiality level for a client's balance sheet and a $3 million materiality level for th
Andreyy89

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D. $ 3 million or more

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Read 2 more answers
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