The government is currently spending three billion, one hundred million on programs and brings in three billion, five hundred million through taxation.

1. Does this create a budget surplus or deficit?

The answer is budget surplus

Explanation:

Budget surplus arises when the government revenue through taxes is more than the its spending. Here government generates three billion, five hundred million($3,500,000,000)

And budget deficit is when the government spending is more than its spending. Here government generates three billion, five hundred million($3,100,000,000)

The surplus here is $400,000,000($3,500,000,000 -$3,100,000,000)

Explanation:

A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, cash, and cash equivalents. Though not quite as safe as cash, money market funds are considered extremely low-risk on the investment spectrum.