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

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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

Year	Tax Revenue (billions of dollars)	Spending (billions of dollars)	Budget Amount (billions of dollars)	Budget
1	$500	$400	$	(Click to select) Deficit Balanced Surplus
2	300	100		(Click to select) Balanced Surplus Deficit
3	200	400		(Click to select) Balanced Surplus Deficit
4	800	500		(Click to select) Surplus Deficit Balanced
5	800	800		(Click to select) Deficit Balanced Surplus

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.