Year Government tax revenues (billions of dollars) Government expenditures (billions of dollars) 1 240 240 2 250 245 3 260 255 4 300 320 5 325 340 What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table? Group of answer choices $0 $25 billion deficit $25 billion surplus $240 billion surplus

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Year Government
tax revenues
(billions of dollars)
Government
expenditures
(billions of dollars)
1 240 240
2 250 245
3 260 255
4 300 320
5 325 340

What is the amount of the surplus or deficit incurred in year 1 by the government shown in the above table?
Group of answer choices
$0
$25 billion deficit
$25 billion surplus
$240 billion surplus
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