The table gives the government outlays and tax revenues from 2015 through 2019 for two countries.         Year Country A Government outlays ​(trillions of 2012​ dollars) Country A Tax revenue ​(trillions of 2012​ dollars) Country B Government outlays ​(trillions of 2012​ dollars) Country B Tax revenue ​(trillions of 2012​ dollars) 2015 0.75 0.80 1.05 1.10 2016 0.80 0.83 0.90 0.92 2017 0.87 0.86 0.87 0.88 2018 0.95 0.95 0.85 0.83 2019 1.06 1.02 0.70 0.75   In 2017 country A had a​ ________ and country B had a​ ________.   A. budget​ deficit; budget deficit   B. budget​ surplus; budget deficit   C. budget​ surplus; budget surplus   D. budget​ deficit; budget surplus   E. balanced​ budget; budget deficit

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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The table gives the government outlays and tax revenues from 2015 through 2019 for two countries.
 
 
 
 
Year
Country A
Government outlays
​(trillions of 2012​ dollars)
Country A
Tax revenue
​(trillions of 2012​ dollars)
Country B
Government outlays
​(trillions of 2012​ dollars)
Country B
Tax revenue
​(trillions of 2012​ dollars)
2015
0.75
0.80
1.05
1.10
2016
0.80
0.83
0.90
0.92
2017
0.87
0.86
0.87
0.88
2018
0.95
0.95
0.85
0.83
2019
1.06
1.02
0.70
0.75
 
In 2017 country A had a​ ________ and country B had a​ ________.
 
A.
budget​ deficit; budget deficit
 
B.
budget​ surplus; budget deficit
 
C.
budget​ surplus; budget surplus
 
D.
budget​ deficit; budget surplus
 
E.
balanced​ budget; budget deficit
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