Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry about trade with other countries. total spending for the federal government of lilliput for the last fiscal year was $24.19 billion. the country collected $22.9 billion in taxes during this same fiscal year. assume government transfers were zero. based on this information, what is lilliput's budget balance? enter your answer to two decimal places. budget balance: $ −1.29 billion in the last fiscal year, lilliput was running a budget surplus a budget deficit a balanced budget

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)