-What Is the Amount of the Surplus or Deficit Incurred

question 235

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 4 by the government shown in the above table?

• A) $320 billion surplus
• B) $5 billion surplus
• C) $35 billion surplus
• D) $20 billion deficit

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Definitions:

Time Management

The process of organizing and planning how to divide one's time between different activities to maximize efficiency and productivity.

Important Priorities

Essential tasks or goals that require immediate attention and resources over less critical ones.

Allocation of Time

The process of planning and distributing one's available time among various activities and tasks.

Flexible Budget

A financial plan that adjusts or varies with changes in volume or activity levels.