-What Is the Amount of the Surplus or Deficit Incurred

question 241

Multiple Choice

$$\begin{array} { | l | l | l | } \hline \text { Year } & \begin{array} { l } \text { Government } \\\text { tax revenues } \\\text { (billions of } \\\text { dollars) }\end{array} & \begin{array} { l } \text { Government } \\\text { expenditures } \\\text { (billions of } \\\text { dollars) }\end{array} \\\hline 1 & 240 & 240 \\\hline 2 & 250 & 245 \\\hline 3 & 260 & 255 \\\hline 4 & 300 & 320 \\\hline 5 & 325 & 340 \\\hline\end{array}$$
-What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table?

• A) $240 billion surplus
• B) $25 billion surplus
• C) $0
• D) $25 billion deficit

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Definitions:

Team Reflexivity

A group’s practice of collectively reflecting on the team's objectives, strategies, and processes and adapting accordingly.

Team Process

The methods and mechanisms used by a group of individuals to interact, collaborate, and achieve a common goal.

Team Reflexivity

A team's collective process of reflecting on its objectives, strategies, and processes to adapt and improve performance.

Group Norms

The shared expectations and rules that guide the behavior of individuals within a group, influencing conformity and social interactions.