Question

if tax revenue is $230 billion and the government's outlays are $235 billion, then the budget a) surplus is $230 billion and the budget deficit is $23

Differential equations
ANSWERED
asked 2021-05-26
if tax revenue is $230 billion and the government's outlays are $235 billion, then the budget

a) surplus is $230 billion and the budget deficit is $235 billion.

b) deficit is $5 billion and government debt will remain the same.

c) surplus is $5 billion and government debt will increase by $5 billion.

d) surplus is $230 billion and government debt will decrease by 5$ billion.

e) deficit is 5$ billion and government debt will increase by 5$ billion.

Expert Answers (1)

2021-05-27
The correct answer is
e) deficit is $5 billion and government debt will increase by 5$ billion
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