Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The table gives a nation's government outlays and tax revenues for 2015 through 2019. Year
The table gives a nation's government outlays and tax revenues for 2015 through 2019.
Year | Government outlays (trillions of 2012 dollars) | Tax revenue (trillions of 2012 dollars) |
---|---|---|
2015 | 0.75 | 0.80 |
2016 | 0.80 | 0.83 |
2017 | 0.87 | 0.86 |
2018 | 0.95 | 0.95 |
2019 | 1.06 | 1.02 |
During which years did the country have a budget deficit?
Step by Step Solution
★★★★★
3.42 Rating (161 Votes )
There are 3 Steps involved in it
Step: 1
Answer To determine the years when the country had a budget deficit we need to compare the governmen...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started