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nups:// launchUrlshttps%253A%252F%252FvJe.phoen k 3 - Apply: Summative Assessment: Public Finance and Aggregate Dema.. Saved 13 '01nts eBook Graw Hill The table below presents the tax revenue and' spending 'for the government over five years. Government Revenue and Spending Year Tax Revenue (billions Of dollars) $200 300 Spending (billions of dollars) $250 350 550 a 4 Budget mount (billions of dollars) -50 50 -250 200 Budget Deficit Surplus Deficit Balanced Instructions: Enter your answer as a whole number If you are entering a negative number include a minus sign. a. Under the "Budget Amount" column calculate the annuall budget outcome. b. Under the "Budget" column determine Whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget. c- Suppose the govemment has no debt entering into year 'I. At the end of year 5, what the government's level of debt? Enter your answer as a positive value. S billion 13 of 15 Next >