Business, 23.07.2019 01:20 yssbammy

You are given the following budget data for a country that has both a central government and local governments. central purchases of goods: 500 local purchases of goods: 250 central transfer payments: 200 local transfer payments: 100 grands in aid (central to local): 150 central tax receipts: 800 local tax receipts: 150 interest received from private sector by central government: 25 interest received from private sector by local government: 10 total central government debt: 1500 total local government debt: 0 central government debt held by local governments: 300 nominal interest rate: 10% how much is the primary deficit for the central government?

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