$$\begin{array} { | c | c | c | c | }
\hline & \begin{array} { c }
\text { Government } \
\text { Spending }
\end{array} & \text { Tax Revenues } & \text { GDP } \
\hline \text { Year 1 } & \$ 800 & \$ 825 & \$ 4,000 \
\hline \text { Year 2 } & 850 & 850 & 4,200 \
\hline \text { Year 3 } & 900 & 875 & 4,350 \
\hline \text { Year 4 } & 950 & 900 & 4,500 \
\hline \text { Year 5 } & 1,000 & 925 & 4,600 \
\hline
\end{array}$$ The table contains budget information for a hypothetical economy. All data are in billions of dollars. The budget de?cit was $75 billion in
A) Year 2.
B) Year 3.
C) Year 4.
D) Year 5.

Question

$$\begin{array} { | c | c | c | c | } 
\hline & \begin{array} { c } 
\text { Government } \
\text { Spending }
\end{array} & \text { Tax Revenues } & \text { GDP } \
\hline \text { Year 1 } & \$ 800 & \$ 825 & \$ 4,000 \
\hline \text { Year 2 } & 850 & 850 & 4,200 \
\hline \text { Year 3 } & 900 & 875 & 4,350 \
\hline \text { Year 4 } & 950 & 900 & 4,500 \
\hline \text { Year 5 } & 1,000 & 925 & 4,600 \
\hline
\end{array}$$ The table contains budget information for a hypothetical economy. All data are in billions of dollars. The budget de?cit was $75 billion in
A) Year 2.
B) Year 3.
C) Year 4.
D) Year 5.

Quizplus · Accepted Answer

In Year 5, the government spending was $1,000 billion and tax revenues were $925 billion, resulting in a budget deficit of $75 billion ($1,000 - $925 = $75).

The Table Contains Budget Information for a Hypothetical Economy