Question: Len Test: Test 3 Question 6 of 40 > This test: 40 point(s) possible This question: 1 point(s) possible Country A Country A Country B

 Len Test: Test 3 Question 6 of 40 > This test:

40 point(s) possible This question: 1 point(s) possible Country A Country A

Len Test: Test 3 Question 6 of 40 > This test: 40 point(s) possible This question: 1 point(s) possible Country A Country A Country B Government outlays Tax revenue Government outlays Country B Year (trillions of 2009 dollars) (trillions of 2009 dollars) (trillions of 2009 dollars) Tax revenue (trillions of 2009 dollars) 2012 0.75 0.80 1.05 1.10 2013 0.80 .83 0.90 0.92 2014 0.87 .86 0.87 0.88 2015 0.95 0.95 0.85 0.83 2016 1.06 1.02 0.70 0.75 he above table gives the government outlays and tax revenues from 2012 through 2016 for two countries. In 2015 country A had a and country B had a A. budget deficit; budget deficit O B. balanced budget, budget deficit O C. budget surplus, balanced budget D. balanced budge; budget surplus E. budget surplus; budget surplus Time Rem 271.F O Type here to search

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!