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12 June, 10:38

Answer the next question using the following budget information for a hypothetical economy. All data are in billions of dollars.

Government Spending Tax Revenues GDP

Year 1 $800 $825 $4,000

Year 2 850 850 4,200

Year 3 900 875 4,350

Year 4 950 900 4,500

Year 5 1,000 925 4,600

In which year is there a balanced budget was deficit $75 billion?

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