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Use the Figure Below to Answer the Following Questions

Question 70

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions. Figure 29.3.1 -Refer to Figure 29.3.1, which shows the outlays and revenues for the government of Pianoland. If real GDP equals $550 billion, the budget is A) in balance. B) a surplus of $60 billion. C) a surplus of $40 billion. D) a deficit of $60 billion. E) a deficit of $40 billion.
Figure 29.3.1
-Refer to Figure 29.3.1, which shows the outlays and revenues for the government of Pianoland. If real GDP equals $550 billion, the budget is


A) in balance.
B) a surplus of $60 billion.
C) a surplus of $40 billion.
D) a deficit of $60 billion.
E) a deficit of $40 billion.

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