Budget Deficits and Surpluses Exercise 3 (Algo) The table below presents the tax revenue and spending for the government over five years. a. Under the "Budget Amount" column calculate the annual budget outcome. Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. b. Under the "Budget" column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget. Government Revenue and Spending Tax Revenue Spending Budget Amount (billions of (billions of (billions of Year dollars) dollars) dollars) Budget 1 $100 $300 $ (Click to select) v 2 400 600 (Click to select) v 3 800 800 (Click to select) 4 600 200 (Click to select) 5 200 100 (Click to select) v a. Under the "Budget Amount" column calculate the annual budget outcome. b. Under the "Budget" column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget