Refer to the table below. During which years did the country have a budget surplus? Year Government expenditure (trillions of 2009 dollars) 0.75 O 2014 and 2016 2012 and 2013 O 2016 2015 2012 2013 2014 2015- 2016 0.80 0,87 0.95 1.06 Tax revenue (trillions of 2009 dollars) 0.80 0.83 0.86 0.95 1.02
Refer to the table below. During which years did the country have a budget surplus? Year Government expenditure (trillions of 2009 dollars) 0.75 O 2014 and 2016 2012 and 2013 O 2016 2015 2012 2013 2014 2015- 2016 0.80 0,87 0.95 1.06 Tax revenue (trillions of 2009 dollars) 0.80 0.83 0.86 0.95 1.02
Chapter12: Federal Budgets And Public Policy
Section: Chapter Questions
Problem 3.6P
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![QUESTION 22
Refer to the table below. During which years did the country have a budget surplus?
2014 and 2016
2012 and 2013
2016
O 2015
Year Government expenditure
(trillions of 2009 dollars)
0.75
0.80
0,87
0.95
1.06
2012
2013
2014
2015-
2016
Tax revenue
(trillions of 2009 dollars)
0.80
0.83
0.86
0.95
1.02](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0b54a11b-2ac8-42ea-abe3-0989946e1f16%2F8ff7edd7-6a09-4176-8441-b94c7b4f346c%2F7k4ffk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:QUESTION 22
Refer to the table below. During which years did the country have a budget surplus?
2014 and 2016
2012 and 2013
2016
O 2015
Year Government expenditure
(trillions of 2009 dollars)
0.75
0.80
0,87
0.95
1.06
2012
2013
2014
2015-
2016
Tax revenue
(trillions of 2009 dollars)
0.80
0.83
0.86
0.95
1.02
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