In 2010, the U.S. government had tax revenues of 2,703 billion (in dollars) and outlays were 3,973 billion (in dollars). The budget
a. surplus was 1,270 billion(in dollars).
b. deficit was 1,270 billion (in dollars).
c. surplus was 2,703 billion (in dollars).
d. deficit was 3,973 billion (in dollars).
e. was balanced because every dollar the government spends it must raise.