State budget forecast shows a mixed bag: current surplus with looming deficit
MSNDana Thiede
State budget forecast shows a mixed bag: current surplus with looming deficit
The Department of Management and Budget says higher healthcare costs and stagnant growth are behind a projected $2.960 billion deficit for the 2028-29 biennium.
3 weeks ago
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Calculate the real deficit or surplus in the following cases: (L O 31-2) a. Inflation is 10 percent. Debt is 3 trillion. Nominal deficit is 220 billion. b. Inflation is 2 percent. Debt is 1 trillion. Nominal deficit is 50 billion. c. Inflation is -4 percent. (Price levels are falling.) Debt is 500 billion. Nominal deficit is 30 billion. d. Inflation is 3 percent. Debt is 2 trillion. Nominal surplus is 100 billion. | Numerade
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