In 2007, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2007, the city of Canfield had a Group of answer choices budget surplus of $450,000. budget surplus of $5,000. budget deficit of $50,000. budget surplus of $50,000.
In 2007, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2007, the city of Canfield had a Group of answer choices budget surplus of $450,000. budget surplus of $5,000. budget deficit of $50,000. budget surplus of $50,000.
Chapter16: The Public Sector
Section: Chapter Questions
Problem 17SQ
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Question
In 2007, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2007, the city of Canfield had a
Group of answer choices
budget surplus of $450,000.
budget surplus of $5,000.
budget deficit of $50,000.
budget surplus of $50,000.
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