The following is budget information for a hypothetical economy. All data are in billions of dollars.YearGovernment SpendingTax RevenuesGDP1$1,100$1,000$10,00021,2501,40010,20031,4501,45010,50041,6001,50010,90051,8001,55011,200Refer to the above data. In which year is there a budget surplus?

Refer to the table above. By what percentage did the federal minimum wage increase from 1974 to 2011?

A) 72.41 percent B) 262.5 percent C) 362.5 percent D) 525.0 percent

The figure below illustrates the impact of an export subsidy as imposed by a large country. No imports are permitted.Which of the following correctly identifies the net change in national welfare due to the provision of the export subsidy by the domestic government?

A. The net loss in well-being for the exporting country is area (b + d). B. The net gain in well-being for the exporting country is area (b + d + f + g + i +j). C. The net loss in well-being for the exporting country is area (b + d + f + g + h + i + j). D. The net gain in well-being for the exporting country is area c.