If tax revenue equal $1.5 billion and government outlays equal $1.6 billion, then the
A. government budget has a deficit of $0.1 billion.
B. government budget has a surplus of $0.1 billion.
C. government debt is equal to $0.1 billion.
D. government debt declines by $0.1 billion.
Answer:A
If tax revenue equal $1.5 billion and government outlays equal $1.6 billion, then the
A. government budget has a deficit of $0.1 billion. B. government budget has a surplus of $0.1 billion. C. government debt is equal to $0.1 billion. D. government debt declines by $0.1 billion.