Answer the next question using the following budget information for a hypothetical economy. Assume that all budget surpluses are used to pay down the public debt. Government Tax Spending Revenues GDP Year 1 $450 $425 $2 , 000 Year 2 500 450 3 , 000 Year 3 600 500 4 , 000 Year 4 640 620 5, 000 Year 5 680 580 4, 800 Year 6 600 620 5 , 000 The budget deficit in year 3 is Multiple Choice O $295 billion. $175 billion