-Using the information in the table above, calculate the government's budget deficit or surplus.

Question

Quizplus · Accepted Answer

A government's budget deficit or surplus is calculated by subtracting its total expenditures from its total revenues. In this case, without the specific numbers from the table, the correct answer cannot be determined directly. However, a budget deficit of -$10 suggests that the government's expenditures exceeded its revenues by $10.

-Using the Information in the Table Above, Calculate the Government's