In 2005, the government of DANA spent $100 billion and collected $95 billion revenue. DANA's GDP in 2005 was $400 billion. The government of DANA had a budget ______equal to ______of GDP in 2005.
A. deficit; 5 percent
B. surplus; 5 percent
C. deficit; 1.25 percent
D. surplus; 1.25 percent
Answer:C
In 2005, the government of DANA spent $100 billion and collected $95 billion revenue. DANA's GDP in 2005 was $400 billion. The government of DANA had a budget ______equal to ______of GDP in 2005.
A. deficit; 5 percent B. surplus; 5 percent C. deficit; 1.25 percent D. surplus; 1.25 percent