An economy has the following government revenues and outlays: $25 million in per...
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An economy has the following government revenues and outlays: $25 million in personal income taxes, $15 million in corporate income taxes, $5 million in indirect taxes, $2 million in investment income, $30 million in transfer payments, $12 million in government expenditure, and $8 million in debt interest. What is the government budget balance?
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