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In 2015, the country of Nickeltown had a balanced budget, no debt, and its GDP was $39000. In 2016, it spent $11500 and had $9000
In 2015, the country of Nickeltown had a balanced budget, no debt, and its GDP was $39000. In 2016, it spent $11500 and had $9000 in tax revenue, and its GDP increased to $46000. In 2017, it spent $13500 and had $10500 in tax revenue, and its GDP further increased to $56500. Did Nickeltown run a budget deficit or budget surplus in 2017? OSurplus Deficit ONeither What was Nickeltown's Debt-GDP ratio, expressed as a %, at the end of 2017
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