-What Is the Amount of the Surplus or Deficit Incurred

question 126

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 2 by the government shown in the above table?

• A) $5 billion deficit
• B) $250 billion surplus
• C) $5 billion surplus
• D) $0

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Definitions:

Fraction

A mathematical expression representing a part of a whole or a part of a group by using two numbers, the numerator over the denominator.

Equivalent Fractions

Fractions that represent the same part of a whole, even though they have different numerators and denominators.

Mixed Number

A number consisting of an integer and a proper fraction.

Improper Fraction

A fraction where the numerator is greater than or equal to the denominator, representing a value greater than or equal to one.