The following is budget information for a hypothetical economy. All data are in billions of dollars. Government Tax Spending Revenues GDP Year 1 $1,100 $1,000 $10,000 Year 2 1,250 1,400 10,200 Year 3 1,450 1,450 1 0,500 Year 4 1 ,600 1,500 1 0,900 Year 5 1,800 1,550 11,200 9. Refer to the above data. In which year is there a budget surplus? A. Year 1 B. Year 2 C. Year 3 D. Year 4
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This question was created from Pre-Test Chap 30 e18 https://www.coursehero.com/file/5899348/Pre-Test-Chap-30-e18/?focusQaId=10486485
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