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The table below presents the tax revenue and spending for the government over five years. Government Revenue and Spending YearTax Revenue (billions of dollars)Spending (billions of dollars)Budget Amount (billions of dollars)Budget 1$500$400$ (Click to select) 2300250 (Click to select) 3100550 (Click to select) 4800600 (Click to select) 5800800 (Click to select) Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. a. Under the "Budget Amount" column calculate the annual budget outcome. b. Under the "Budget" column determine whether the annual budget outcome is a budget surplus, budget deficit, or a balanced budget. c. Suppose the government has no debt entering into year 1. At the end of year 5, what is the government's level of debt? Enter your answer as a positive value. $ billion
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