The Table Contains Budget Information for a Hypothetical Economy

Multiple Choice

$$\begin{array} { | c | c | c | c | } \hline & \begin{array} { c } \text { Government } \\\text { Spending }\end{array} & \text { Tax Revenues } & \text { GDP } \\\hline \text { Year } 1 & \$ 800 & \$ 825 & \$ 4,000 \\\hline \text { Year } 2 & 850 & 850 & 4,200 \\\hline \text { Year } 3 & 900 & 875 & 4,350 \\\hline \text { Year } 4 & 950 & 900 & 4,500 \\\hline \text { Year 5 } & 1,000 & 925 & 4,600 \\\hline\end{array}$$ The table contains budget information for a hypothetical economy. All data are in billions of dollars. In which year is there a balanced budget?

A) Year 1
B) Year 2
C) Year 3
D) Year 4