-In the above figure, if actual GDP = $15 trillion, there is a budget _________equal to _________.
A) deficit; $0.2 trillion
B) surplus; $1.3 trillion
C) surplus; $0.2 trillion
D) deficit; $1.1 trillion

Question

-In the above figure, if actual GDP = $15 trillion, there is a budget _________equal to _________.
A) deficit; $0.2 trillion 
B) surplus; $1.3 trillion 
C) surplus; $0.2 trillion 
D) deficit; $1.1 trillion

Quizplus · Accepted Answer

A budget surplus occurs when actual GDP exceeds the level of government spending and taxation. If the surplus is $0.2 trillion, it means the government has more revenue than expenditures by that amount.

-In the Above Figure, If Actual GDP = $15 Trillion