The table below shows government purchases (G) ,net tax revenues (T) ,and debt-service payments (iD) over a 4-year period for a hypothetical economy.All figures are in billions of dollars.Assume the stock of debt at the end of 2012 is $500 billion.
TABLE 31-1
-Refer to Table 31.1.What is the budget deficit in 2012?
A) $18 billion
B) -$8 billion
C) $8 billion.
D) -$10 billion
E) $10 billion
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