Solved

-The Above Table Gives the Government Outlays and Tax Revenue

Question 163

Multiple Choice

 Country A  Government  outlays  Tax revenue  (trillions of  (trillions of  Year  2005 dollars)   2005 dollars)  20050.750.8020060.800.8320070.870.8620080.950.9520091.061.02\begin{array} { c c c } & \begin{array} { c } \text { Country A } \\\text { Government } \\\text { outlays }\end{array} & \\& \begin{array} { c } \text { Tax revenue } \\\text { (trillions of } \\\text { (trillions of }\end{array} \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2005 & 0.75 & 0.80 \\2006 & 0.80 & 0.83 \\2007 & 0.87 & 0.86 \\2008 & 0.95 & 0.95 \\2009 & 1.06 & 1.02 \\\hline\end{array}
 Country B  Government  outlays  Tax revenue  (trillions of  (trillions of  Year  2005 dollars)   2005 dollars)  20051.051.1020060.900.9220070.870.8820080.850.8320090.700.75\begin{array} { c c c } & \begin{array} { c } \text { Country B } \\\text { Government } \\\text { outlays }\end{array} & \\& \begin{array} { c } \text { Tax revenue } \\\text { (trillions of } \\\text { (trillions of }\end{array} \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2005 & 1.05 & 1.10 \\2006 & 0.90 & 0.92 \\2007 & 0.87 & 0.88 \\2008 & 0.85 & 0.83 \\2009 & 0.70 & 0.75 \\\hline\end{array}
-The above table gives the government outlays and tax revenue from 2005 through 2009 for two countries.In 2008 country A had a ________ and country B had a ________.


A) budget deficit; budget deficit
B) balanced budge; budget surplus
C) balanced budget; budget deficit
D) budget surplus; budget surplus
E) budget surplus; balanced budget

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions