Refer to Table 15.2. From the information presented in the table, calculate the following values for the nation of Harmonia in 2012: a. the budget deficit b. the primary budget deficit c. the uses of government funds d
the sources of government funds
a. The budget deficit = Gt + TRt + itBt-1 -Tt = $840 million + $145 million + $95 million - $735 million = $345 million.
b. The primary budget deficit = The budget deficit - itBt-1 = $345 million - $95 million = $250 million.
c. The uses of government funds = Gt + TRt + itBt-1 = $840 million + $145 million + $95 million = $1,080 million.
d. The sources of government funds = Tt + ?Bt + ?MBt = $735 million + $325 million + $20 million = $1,080 million.
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