Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following observations is true of the federal budget between 1960 and 2010?

A) The federal budget was in deficit in the early 1960s.
B) Between 1960 and 1970 the federal budget deficit reflected a sharp increase.
C) The federal budget was in surplus between 1970 and 1980.
D) The federal budget deficit was the highest in the late 1990s.
E) The federal budget deficit was lower than 600 billion dollars in 2010.