In 2015, the federal government collected $3.25 trillion dollars in tax revenues and spent $3.69 trillion dollars. This means:
A) The federal government had a budget deficit of $0.44 billion in 2015
B) The federal government had a budget surplus of $0.44 billion in 2015
C) The national debt is equal to $0.44 billion
D) Taxes should be increased
Correct Answer:
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