As a Proportion of GDP, If Estimated Revenues Equal 30

question 39

Multiple Choice

As a proportion of GDP, if estimated revenues equal 30 per cent and estimated outlays equal 27 per cent, the cash balance of the budget is estimated to be:

• A) a surplus of 57 per cent.
• B) a surplus of 3 per cent.
• C) a deficit of 3 per cent.
• D) a deficit of 57 per cent.