The table below presents the tax revenue and spending for the…

Question The table below presents the tax revenue and spending for the… The table below presents the tax revenue and spending for the government over five years. a. Under the “Budget Amount” column calculate the annual budget outcome. Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. b. Under the “Budget” column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget.Government Revenue and SpendingYearTax Revenue (billions of dollars)Spending (billions of dollars)Budget Amount (billions of dollars)Budget1$500$400$  (Click to select) Deficit Balanced Surplus 2300100  (Click to select) Balanced Surplus Deficit 3200400  (Click to select) Balanced Surplus Deficit 4800500  (Click to select) Surplus Deficit Balanced 5800800  (Click to select) Deficit Balanced Surplus  a. Under the “Budget Amount” column calculate the annual budget outcome. b. Under the “Budget” column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget. Business Economics Macroeconomics Share QuestionEmailCopy link Comments (0)