Year Government tax revenues (billions of dollars) Government expenditures (billions of dollars) 1 240 240 2 250 245 3 260 255 4 300 320 5 325 340 What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table? Group of answer choices $0 $25 billion deficit $25 billion surplus $240 billion surplus
Year Government tax revenues (billions of dollars) Government expenditures (billions of dollars) 1 240 240 2 250 245 3 260 255 4 300 320 5 325 340 What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table? Group of answer choices $0 $25 billion deficit $25 billion surplus $240 billion surplus
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
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Year | Government tax revenues (billions of dollars) |
Government expenditures (billions of dollars) |
1 | 240 | 240 |
2 | 250 | 245 |
3 | 260 | 255 |
4 | 300 | 320 |
5 | 325 | 340 |
What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table?
Group of answer choices
$0
$25 billion deficit
$25 billion surplus
$240 billion surplus
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