Question

In a single year, a government collects $30 billion in taxes. In that same year,

the government spends $50 billion on government services. This would
create which economic situation?
O A. A $50 billion surplus
OB. A $20 billion surplus
OC. A $20 billion deficit
OD. A $50 billion deficit

Answer 1

20 billion deficit

Step-by-step explanation:

since the spending is greater than the revenue it creates a deficit