The above table gives a country's government outlays and tax ...

[arivle123]

The above table gives a country's government outlays and tax revenue for 2008 through 2012. During which years did the country have a balanced budget, budget surplus, and budget deficit?
 
  What will be an ideal response?

Question 2

If the United States exports planes to Brazil and imports ethanol from Brazil, the price received by U.S. producers of planes ________, and the price received by Brazilian producers of ethanol ________.
 
  A) does not change; does not change
  B) rises; rises
  C) rises; falls
  D) falls; rises
  E) falls; falls

[bigcheese9]

Answer to Question 1

The country had a balanced budget in 2011 because in that year government outlays equaled tax revenues. The country had a budget surplus in 2008 and 2009 because in those years tax revenues exceeded government outlays. The country had a budget deficit in 2010 and 2011 because in those years government outlays exceeded tax revenues.

Answer to Question 2

B