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Which example shows a budget deficit? Why?

A. [tex]$4 trillion in revenue and $[/tex]3.89 trillion in expenditures; because the amount raised in taxes exceeds the amount spent.
B. [tex]$4 trillion in revenue and $[/tex]4.14 trillion in expenditures; because the amount spent exceeds the amount raised in taxes.
C. [tex]$3.5 billion in revenue and $[/tex]3.58 trillion in expenditures; because the amount of income exceeds the amount spent.
D. [tex]$3.5 trillion in revenue and $[/tex]4.75 trillion in expenditures; because the amount raised in taxes exceeds the amount spent.

Clear my selection

Sagot :

GinnyAnswer
Let's go through each example to determine which one shows a budget deficit, which occurs when expenditures exceed revenue.

1. [tex]$4 trillion in revenue and $[/tex]3.89 trillion in expenditures:
- Calculation: Revenue - Expenditures = [tex]$4 trillion - $[/tex]3.89 trillion = $0.11 trillion surplus.
- Since revenue is greater than expenditures, this is not a deficit.

2. [tex]$4 trillion in revenue and $[/tex]4.14 trillion in expenditures:
- Calculation: Revenue - Expenditures = [tex]$4 trillion - $[/tex]4.14 trillion = -$0.14 trillion deficit.
- Since expenditures exceed revenue, this is a deficit.

3. [tex]$3.5 trillion in revenue and $[/tex]3.58 trillion in expenditures:
- Calculation: Revenue - Expenditures = [tex]$3.5 trillion - $[/tex]3.58 trillion = -$0.08 trillion deficit.
- Since expenditures exceed revenue, this is a deficit.

4. [tex]$3.5 trillion in revenue and $[/tex]4.75 trillion in expenditures:
- Calculation: Revenue - Expenditures = [tex]$3.5 trillion - $[/tex]4.75 trillion = -$1.25 trillion deficit.
- Since expenditures exceed revenue, this is a deficit.

Upon examining all examples, we observe that:

- Example 1 shows a surplus.
- Examples 2, 3, and 4 all show deficits.

The question asks for "which example shows a budget deficit," and specifically, the correct example, among those provided, which first shows a deficit is:

[tex]$4 trillion in revenue and $[/tex]4.14 trillion in expenditures; because the amount spent exceeds the amount raised in taxes.

So, the correct answer is the second example.
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