Year Government tax revenues Government expiden

billions of dollars ditures billions of doll

ars

1 240 240

2 250 245

3 260 255

4 300 320

5 325 340

1.(The table above has data for a country's government tax revenues and expenditures.

a.What is the amount of the surplus or deficit incurred in year 1 by the government?

b.What is the amount of the surplus or deficit incurred in year 2 by the government?

c.What is the amount of the surplus or deficit incurred in year 3 by the government?

d.What is the amount of the surplus or deficit incurred in year 5 by the government?

e.The government begins year 1 with $25 billion of debt, what is the amount of debt following year 1?

f.The government begins year 1 with $25 billion of debt, what is the amount of debt following year 2?

g.The government begins year 1 with $25 billion of debt, what is the amount of debt following year 3?

h.The government begins year 1 with $25 billion of debt, what is the amount of debt following year 4?