If tax revenue is $230 billion and the government's outlays are $235 billion,then the budget
A) deficit is $5 billion,and government debt will remain the same.
B) surplus is $5 billion,and government debt will increase by $5 billion.
C) deficit is $5 billion,and government debt will increase by $5 billion.
D) deficit is $5 billion,and government debt will decrease by $5 billion.
E) surplus is $230 billion,and the budget deficit is $235 billion.
Correct Answer:
Verified
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