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The Above Table Gives the Government Outlays and Tax Revenues

Question 106

Multiple Choice

 Country A  Government  outlays  Tax revenue  (trillions of  (trillions of  Year  2005 dollars)   2005 dollars)  20080.750.8020090.800.8320100.870.8620110.950.9520121.061.02 Country B  Government  outlays  Tax revenue  (trillions of  (trillions of  Year  2005 dollars)   2005 dollars)  20081.051.1020090.900.9220100.870.8820110.850.8320120.700.75\begin{array}{ll}\begin{array}{lcr}\hline & \text { Country A } & \\& \begin{array}{c}\text { Government } \\\text { outlays }\end{array} & \text { Tax revenue } \\& \text { (trillions of } & \text { (trillions of } \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2008 & 0.75 & 0.80 \\2009 & 0.80 & 0.83 \\2010 & 0.87 & 0.86 \\2011 & 0.95 & 0.95 \\2012 & 1.06 & 1.02\\\hline\end{array}&\begin{array}{lcr}\hline & \text { Country B } & \\& \begin{array}{c}\text { Government } \\\text { outlays }\end{array} & \text { Tax revenue } \\& \text { (trillions of } & \text { (trillions of } \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2008 & 1.05 & 1.10 \\2009 & 0.90 & 0.92 \\2010 & 0.87 & 0.88 \\2011 & 0.85 & 0.83 \\2012 & 0.70 & 0.75\\\hline\end{array}\end{array}


The above table gives the government outlays and tax revenues from 2008 through 2012 for two countries. In 2011 country A had a--------------------and country B had a--------------------.


A) balanced budge; budget surplus
B) budget surplus; balanced budget
C) balanced budget; budget deficit
D) budget surplus; budget surplus
E) budget deficit; budget deficit

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