Calculate the government deficit, Macroeconomics

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Calculate the government deficit

Problem

Suppose government purchases amount to $2.5 trillion, transfer payments amount to $1 trillion, net interest payments are $0.5 trillion and tax revenue is valued at $3 trillion.

a) Calculate the government deficit.

b) Calculate the primary deficit.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Calculate the government deficit

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