The table gives the government outlays and tax revenues from 2015 through 2019 for two countries. Year Country A Government outlays (trillions of 2012 dollars) Country A Tax revenue (trillions of 2012 dollars) Country B Government outlays (trillions of 2012 dollars) Country B Tax revenue (trillions of 2012 dollars) 2015 0.75 0.80 1.05 1.10 2016 0.80 0.83 0.90 0.92 2017 0.87 0.86 0.87 0.88 2018 0.95 0.95 0.85 0.83 2019 1.06 1.02 0.70 0.75 In 2017 country A had a ________ and country B had a ________. A. budget deficit; budget deficit B. budget surplus; budget deficit C. budget surplus; budget surplus D. budget deficit; budget surplus E. balanced budget; budget deficit
The table gives the government outlays and tax revenues from 2015 through 2019 for two countries. Year Country A Government outlays (trillions of 2012 dollars) Country A Tax revenue (trillions of 2012 dollars) Country B Government outlays (trillions of 2012 dollars) Country B Tax revenue (trillions of 2012 dollars) 2015 0.75 0.80 1.05 1.10 2016 0.80 0.83 0.90 0.92 2017 0.87 0.86 0.87 0.88 2018 0.95 0.95 0.85 0.83 2019 1.06 1.02 0.70 0.75 In 2017 country A had a ________ and country B had a ________. A. budget deficit; budget deficit B. budget surplus; budget deficit C. budget surplus; budget surplus D. budget deficit; budget surplus E. balanced budget; budget deficit
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 19E
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Question
The table gives the government outlays and tax revenues from 2015 through 2019 for two countries.
|
Year
|
Country A
Government outlays
(trillions of 2012 dollars)
|
Country A
Tax revenue
(trillions of 2012 dollars)
|
Country B
Government outlays
(trillions of 2012 dollars)
|
Country B
Tax revenue
(trillions of 2012 dollars)
|
|---|---|---|---|---|
|
2015
|
0.75
|
0.80
|
1.05
|
1.10
|
|
2016
|
0.80
|
0.83
|
0.90
|
0.92
|
|
2017
|
0.87
|
0.86
|
0.87
|
0.88
|
|
2018
|
0.95
|
0.95
|
0.85
|
0.83
|
|
2019
|
1.06
|
1.02
|
0.70
|
0.75
|
In 2017 country A had a ________ and country B had a ________.
budget deficit; budget deficit
budget surplus; budget deficit
budget surplus; budget surplus
budget deficit; budget surplus
balanced budget; budget deficit
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