In the current year, a nation's government spending equals $15 trillion and its revenues are $20 trillion. Which of the following is TRUE?
A) The nation's national debt equals $5 trillion.
B) This nation has a current year budget surplus of $5 trillion.
C) This nation is currently running a budget deficit of $5 trillion.
D) The nation has a current year trade surplus of $5 trillion.
Correct Answer:
Verified
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