You Have Two Sets of Estimates of National Account Numbers

Multiple Choice

You have two sets of estimates of national account numbers for a closed economy for next year.In the first set,government expenditures will be $30 billion,transfer payments will be $10 billion,and taxes will be $45 billion.Under the second set,GDP will be $200 billion,taxes will be $50 billion,transfer payments will be $20 billion,consumption will be $120 billion,and investment will be $40 billion.Based on these numbers,what are the respective estimated results?

A) $15 billion surplus and a $10 billion surplus
B) $15 billion surplus and a $10 billion deficit
C) $5 billion surplus and a $10 billion surplus
D) $5 billion surplus and a $10 billion deficit