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Figure: Expanded Circular-Flow Model
-(Figure: Expanded Circular-Flow Model) Look at the figure Expanded Circular-Flow Model. The government has a budget:
A)surplus of $150.
B)surplus of $220.
C)deficit of $70.
D)deficit of $200.

Question

Use the following to answer questions:
Figure: Expanded Circular-Flow Model 
-(Figure: Expanded Circular-Flow Model) Look at the figure Expanded Circular-Flow Model. The government has a budget:
A)surplus of $150. 
B)surplus of $220. 
C)deficit of $70. 
D)deficit of $200.

Quizplus · Accepted Answer

The government has a budget deficit of $70, which means its expenditures exceed its revenues by $70.

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