Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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.
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.