In the Current Year, a Nation's Government Spending Equals $100

Multiple Choice

In the current year, a nation's government spending equals $100 trillion and its revenues are $130 trillion. Which of the following is TRUE?

A) The nation's national debt equals $30 trillion.
B) This nation has a current year budget surplus of $30 trillion.
C) This nation is currently running a budget deficit of $30 trillion.
D) This nation has a current year budget surplus of $230 trillion.