Question
Suppose the government has a unified net income of $20 billion, but was supposed to deposit $150 billion in the Social Security trust fund. What
Suppose the government has a unified net income of $20 billion, but was supposed to deposit $150 billion in the Social Security trust fund. What was theon-budget surplus ordeficit? Explain.
Select the correct choice below and fill in the answer box to complete answer.
A.
Theon-budget surplus was $
billion because the government had excess money remaining for Social Security.
B.
Theon-budget deficit was $
billion because the government had excess income and even more money in the trustfund, all going towards theon-budget portion.
C.
Theon-budget surplus was $
billion because the government underspent its unified net income on Social Security.
D.
Theon-budget deficit was $
billion because the government overspent its unified net income on Social Security.
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