Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In year X,the federal government expenditure were 180$ billion and its revenues were 200$ billion.During this year : Public debt increased by 20$ billion there
In year X,the federal government expenditure were 180$ billion and its revenues were 200$ billion.During this year :
Public debt increased by 20$ billion
there was a federal deficit of 20 billion
there was a federal surplus of 20 billion
the federal government was running a balanced budget
public debt equalled 20 billion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started