(Table 2: Macroeconomic Data for Macroland) Table 2 Provides 2018

question 17

Multiple Choice

(Table 2: Macroeconomic Data for Macroland) Table 2 provides 2018 macroeconomic data for Macroland. How would the 2018 government budget in Macroland be described?
$\begin{array}{l}\text { Table 2: Macroeconomic Data for Macroland, } 2018 \text { (billions of dollars) }\\\begin{array}{|c|c|c|c|c|c|c|}\hline \text { C } \quad \quad \quad & \text { I } \quad \quad \quad & \text { G } \quad \quad & \text { EX } \quad \quad & \text { IM } \quad \quad & \text { T } & \text { Total income } \\\hline \$ 600 & \$ 250 & \$ 300 & \$ 200 & \$ 150 & \$ 280 & \$ 1,200 \\\hline\end{array}\end{array}$

• A) balanced budget
• B) surplus of $20 billion
• C) deficit of $20 billion
• D) debt of $300 billion