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-The Table Above Has Data for a Country?s Government Budget

Question 4

Multiple Choice

 Component  Dollars  (billion)   Personal income taxes 500 Social security taxes 400 Corporate income taxes 150 Indirect taxes 75 Transfer payments 1,200 Expenditure on goods and  services 225 Debt interest 75\begin{array} { | l | l | } \hline \text { Component } & \begin{array} { l } \text { Dollars } \\\text { (billion) }\end{array} \\\hline \text { Personal income taxes } & 500 \\\hline \text { Social security taxes } & 400 \\\hline \text { Corporate income taxes } & 150 \\\hline \text { Indirect taxes } & 75 \\\hline \text { Transfer payments } & 1,200 \\\hline \begin{array} { l } \text { Expenditure on goods and } \\\text { services }\end{array} & 225 \\\hline \text { Debt interest } & 75 \\\hline\end{array}
-The table above has data for a country?s government budget. The data show the government is running a__________ billion.


A) budget surplus of $650
B) budget deficit of $375
C) budget deficit of $550
D) budget surplus of $300

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