
-What is the amount of the surplus or deficit incurred in year 2 by the government shown in the above table?
A) $5 billion deficit
B) $250 billion surplus
C) $0
D) $5 billion surplus
Correct Answer:
Verified
Q60: By definition, a government budget deficit is
Q61: Q62: An increase in the government _ reduces Q63: The federal government debt is equal to Q64: If the government runs a deficit, the Q66: If the government has a balanced budget, Q67: When the government's outlays exceed its tax Q68: The difference between the government debt and Q69: A country has been in existence for Q70: If tax revenue equal $1.5 billion and![]()
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