-In the table above, the government's sector balance has
A) a deficit of $700 billion.
B) a surplus of $600 billion.
C) a deficit of $100 billion.
D) a surplus of #100 billion.

Question

-In the table above, the government's sector balance has
A) a deficit of $700 billion. 
B) a surplus of $600 billion. 
C) a deficit of $100 billion. 
D) a surplus of #100 billion.

Quizplus · Accepted Answer

A government's sector balance is calculated as the difference between its revenues and expenditures. A deficit occurs when expenditures exceed revenues. In this case, the correct choice indicates a deficit of $100 billion, suggesting that the government's expenditures are $100 billion more than its revenues.

-In the Table Above, the Government's Sector Balance Has