suppose that the government of smallville spends $2 trillion in 2015 and receives tax revenues of $1.5 trillion in that same year. which of the following is true?1. Summerfield has a trade deficit of $0.5 trillion. 2. Summerfield has a budget deficit of $0.5 trillion.3. Summerfield has a budget surplus of $0.5 trillion. 4. Summerfield has a trade surplus of $0.5 trillion.
