Logical reason for distinguishing between the two measures

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1. The U.S. Treasury statement for August 2015 reports the following:

Receipts

Individual Income Tax $103B

Social Security & Other Payroll Taxes 83B

Corporate Income Tax 2B

Other Taxes, etc. 23B

Outlays by Function

Defense $ 40B

Social Security 75B

Medicare 24B

Interest on Debt 25B

Other 111B

Calculate (I) the total surplus (or deficit) and (ii) the primary surplus (or deficit). What is the logical reason for distinguishing between the two measures?

Reference no: EM132367045

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