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.
-When the government's spending is less than tax revenue, it implies that:

A) the government budget is balanced.
B) the government is running a deficit.
C) there is a budget surplus.
D) there is a higher chance of default by the government.
E) the government needs to borrow from the central bank.