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The table below presents the tax revenue and spending for the government over five years. 13 Government Revenue and Spending Tax Revenue Spending Budget Amount

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The table below presents the tax revenue and spending for the government over five years. 13 Government Revenue and Spending Tax Revenue Spending Budget Amount (billions of (billions of (billions of Year dollars) dollars) dollars) Budget 1 $700 $700 (Click to select) ~ Ints 2 200 100 (Click to select) v 3 500 800 (Click to select) 4 700 600 (Click to select) ~ 500 500 (Click to select) ~ eBook Instructions: Enter your answer as a whole number. If you are entering a negative number include a m References 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, buc budget. c. Suppose the government has no debt entering into year 1. At the end of year 5. what is the governm answer as a positive value $ billion

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