If Government Has No Debt Initially but Then Has Annual

Multiple Choice

If government has no debt initially but then has annual revenues of $1.5 billion for 10 years and annual expenditures of $1.6 billion for 10 years, then the government has a:

A) deficit of $100 million per year and a debt of $1 billion.
B) surplus of $100 million per year and a debt of $1 billion.
C) deficit of $100 million and a debt of $1 billion per year.
D) surplus of $100 million and a debt of $1 billion per year.