Question

The government is currently spending three billion, one hundred million on programs and brings in three billion, five hundred million through taxation.
1. Does this create a budget surplus or deficit?

Answer 1

Answer:

The answer is budget surplus

Explanation:

Budget surplus arises when the government revenue through taxes is more than the its spending. Here government generates three billion, five hundred million($3,500,000,000)

And budget deficit is when the government spending is more than its spending. Here government generates three billion, five hundred million($3,100,000,000)

The surplus here is $400,000,000($3,500,000,000 -$3,100,000,000)