Suppose during one fiscal year,government purchases are $195 billion,debt-service payments are $22 billion and net tax revenues are $208 billion.What is the annual budget deficit/surplus?
A) budget surplus of $22 billion
B) budget deficit of $13 billion
C) budget surplus of $13 billion
D) budget deficit of $9 billion
E) budget surplus of $9 billion
Correct Answer:
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