Suppose that in an economy, investment is $160 billion, saving is $140 billion, government expenditure on goods and services is $150 billion, exports are $200 billion, and imports are $250 billion. What is the amount of tax revenue and the government budget balance?

The tax revenue for the given situation will be $120 billion; and the government budget balance will be -$30 billion in an economy.

What is a tax revenue?

The amount of total revenue generated by an organization or the government in the form of taxes is known as a total tax revenue for such government.

For the given condition, the tax revenue will be computed as,

[tex]\rm Tax\ Revenue\ = (Investments\ - Savings)\ - Expenditure\ + Imports\\\\\rm Tax\ Revenue\ = (160-140)-150+250\\\\\rm Tax\ Revenue\ = \$120[/tex]

Furthermore, the budget balance of the government will show a deficit of $30 billion, as the expenditure and imports of the government are lesser than the exports and revenues.

Hence, the tax revenue is aforementioned.

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Suppose that in an​ economy, investment is​ $160 billion, saving is​ $140 billion, government expenditure on goods and services is​ $150 billion, exports are​ $200 billion, and imports are​ $250 billion. What is the amount of tax revenue and the government budget​ balance?

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What is a tax revenue?

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Suppose that in an economy, investment is $160 billion, saving is $140 billion, government expenditure on goods and services is $150 billion, exports are $200 billion, and imports are $250 billion. What is the amount of tax revenue and the government budget balance?