How do automatic stabilizers impact tax revenue and government spending during a recession? Tax revenue will and governm
Posted: Thu May 19, 2022 10:14 am
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Lilliput 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 Lilliput for the last fiscal year was $1.06 billion. The country collected $1.05 billion in taxes during this same fiscal year. Assume government transfers were zero, Based on this information, what is Lilliput's bridget balance? Enter your answer to two decimal places hoduct balance: billion In the last fiscal year, Lilliput was running O a budget deficit