Suppose that the amount of taxes in the US is equal to 1,400. Suppose that the government expenditures are equal to1,400 (All numbers in billions of domestic currency). Given this data, what can you say about the US's budget (select one)?a. In the US, they have a Balanced Budget.b. In the US, they have a Budget Deficit.c. In the US, they have a Budget Surplus.2. Correctedtext: Suppose that the amount of taxes in the US is equal to 1,400. Suppose that the government expenditures are equal to1,400
Suppose that the amount of taxes in the US is equal to 1,400. Suppose …
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