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Answer :
Final answer:
The government budget surplus or deficit can be calculated by subtracting government spending from tax revenue. In this case, there is a $0.80 trillion surplus.
Explanation:
To calculate the government budget surplus or deficit, we need to subtract government spending from tax revenue. In this case, the tax revenue is $4.50 trillion and the government spending is $3.70 trillion. By subtracting the government spending from tax revenue, we get a surplus of $0.80 trillion.
Therefore, the correct answer is C. $0.80 trillion surplus.
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