The following table shows government spending and tax revenue for a hypothetical economy over a five-year period.
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Question:
The following table shows government spending and tax revenue for a hypothetical economy over a five-year period. all figure are in billions.
Year Government Spending Tax Revenues
1 $1100 $1050
2 $1150 $1100
3 $1250 $1150
4 $1250 $1300
5 $1300 $1250
Use a negative sign to show a deficit and a no sign for a surplus (put the sign in your ANSWERS if negative). Do not put a dollar sign. Just the sign and number. For example -25, 68, etc
The budget balance in year 2 is
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