(05.04 MC) Assume that the government of a country has $625…

(05.04 MC) Assume that the government of a country has $625 million in tax revenue, spent $451 million on defense, infrastructure, education, and other areas of interest, and spent $384 million on unemployment aid, food stamps, and other social security benefits. What is the government budget balance?

(03.02 MC) Assume that the government of a country decides t…

(03.02 MC) Assume that the government of a country decides to give out tax refunds of $4.5 million to small domestic firms that are struggling. If the marginal propensity to save in the country is 0.25, then what is the maximum impact this measure will have on the GDP of the country?