QUESTION 22Refer to the table below. During which years did the country have a budget surplus?2014 and 20162012 and 20132016O 2015Year Government expenditure(trillions of 2009 dollars)0.750.800,870.951.062012201320142015-2016Tax revenue(trillions of 2009 dollars)0.800.830.860.951.02

When the government's revenue from taxation exceeds its spending for the quarter or fiscal year,…

Refer to the table below. During which years did the country have a budget surplus? Year Government expenditure (trillions of 2009 dollars) 0.75 O 2014 and 2016 2012 and 2013 O 2016 2015 2012 2013 2014 2015- 2016 0.80 0,87 0.95 1.06 Tax revenue (trillions of 2009 dollars) 0.80 0.83 0.86 0.95 1.02

Refer to the table below. During which years did the country have a budget surplus? Year Government expenditure (trillions of 2009 dollars) 0.75 O 2014 and 2016 2012 and 2013 O 2016 2015 2012 2013 2014 2015- 2016 0.80 0,87 0.95 1.06 Tax revenue (trillions of 2009 dollars) 0.80 0.83 0.86 0.95 1.02

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 22RQ: What are the main categories of U.S. federal government spending?

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