Solved

The Table Contains Budget Information for a Hypothetical Economy

Question 157

Multiple Choice

 Government  Spending  Tax Revenues  GDP  Year 1 $800$825$4,000 Year 2 8508504,200 Year 3 9008754,350 Year 4 9509004,500 Year 5 1,0009254,600\begin{array} { | c | c | c | c | } \hline & \begin{array} { c } \text { Government } \\\text { Spending }\end{array} & \text { Tax Revenues } & \text { GDP } \\\hline \text { Year 1 } & \$ 800 & \$ 825 & \$ 4,000 \\\hline \text { Year 2 } & 850 & 850 & 4,200 \\\hline \text { Year 3 } & 900 & 875 & 4,350 \\\hline \text { Year 4 } & 950 & 900 & 4,500 \\\hline \text { Year 5 } & 1,000 & 925 & 4,600 \\\hline\end{array} The table contains budget information for a hypothetical economy. All data are in billions of dollars. The budget de?cit was $75 billion in


A) Year 2.
B) Year 3.
C) Year 4.
D) Year 5.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions