Do not type "$" or "%" in your solution box below: The utility function of Mike Crodik could be expressed as: U (C1, C2) = In(030;) where C1 represents consumption in period 1 and C2 represents consumption in period 2 and In represents the natural logarithm. Mike earns 300 dollars in period 1 and 600 dollars in period 2. Assuming that Mike wishes to maximise his lifetime satisfaction, if C1 = 300 dollars, then 02 dollars and + the real interest rate is percent A occurs when government collect less in taxes than it spends Select one: of O a, budget deficit destion O b. trade deficit O c, budget surplus O d, trade surplus Clear my choice Type here to search