Question Completion Status: Moving to another question will save this response.

Question

Question Completion Status: Moving to another question will save this response. K Question 3 of 10 Question3 5 points Save Answ Last year a small country collected total tax revenues of $1.3 billion and spent $1.5 billion. It currently owes investors owning its bonds and other debt obligations $5.0 billion. We would say the country's deficit was: a. $0.2 billion O b. $5.0 billion O c. $3.7 billion O d.$5.2 billion O e. None of the above A Moving to another question will save this response. KQuestion 3 of 10B

Explanation / Answer

Tax revenues = $1.3 billion

Government spending = $1.5 billion

Country's deficit = Government spending - Tax revenues = $1.5 billion - $1.3 billion = $0.2 billion

Hence, correct answer is a.$0.2 billion

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.