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Answer :
Final answer:
The government budget balance explains the relationship between a government's spending and earnings, resulting in either a deficit or surplus. Option b: A deficit of $1.5 trillion is the correct representation of a scenario with spending exceeding earnings.
Explanation:
The government budget balance refers to the difference between what a government spends and what it earns in a particular period. If spending exceeds earnings, it results in a budget deficit, which is represented by option b: A deficit of $1.5 trillion. Conversely, when earnings exceed spending, it leads to a budget surplus.
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