Question

In a single year, a government collects $35 billion in taxes. In that same year,
the government spends $40 billion on government services. This would
create which economic situation?
O A. A$5 billion surplus
O B. A $5 billion deficit
O C. A $75 billion deficit
O D. A$75 billion surplus

Answer 1

Answer:

B. A $5 Billion deficit

Explanation:

Deficit-the amount by which something, especially a sum of money, is too small.