The Table Contains Budget Information for a Hypothetical Economy

question 78

Multiple Choice

$$\begin{array} { | c | c | c | c | } \hline & \begin{array} { c } \text { Government } \\\text { Spending }\end{array} & \text { Tax Revenues } & \text { GDP } \\\hline \text { Year 1 } & \$ 800 & \$ 825 & \$ 4,000 \\\hline \text { Year 2 } & 850 & 850 & 4,200 \\\hline \text { Year 3 } & 900 & 875 & 4,350 \\\hline \text { Year 4 } & 950 & 900 & 4,500 \\\hline \text { Year 5 } & 1,000 & 925 & 4,600 \\\hline\end{array}$$ The table contains budget information for a hypothetical economy. All data are in billions of dollars. In which year is there a budget surplus?

• A) Year 1
• B) Year 2
• C) Year 4
• D) Year 5

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Definitions:

Mens Rea

Wrongful mental state or intent. A wrongful mental state is a requirement for criminal liability. What constitutes a wrongful mental state varies according to the nature of the crime.

Arson

The criminal act of deliberately setting fire to property, often with the intent to cause damage or harm.

Misdemeanor

A type of criminal offense that is less serious than a felony and typically carries a lighter penalty, such as a fine or short jail time.

Disturbing the Peace

An offense involving acts that disrupt public order or tranquility, such as excessive noise or threatening behavior.