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Is this correct? If not what am I doing wrong? Complete the table by filling in the column Prior Year Debt for 2014 and 2015.
Is this correct? If not what am I doing wrong?
Complete the table by filling in the column Prior Year Debt for 2014 and 2015. (Hint: this question asks you to calculate debt. Debt can be represented by the accumulation of past deficits, minus surpluses.)
Year | Current Expenditures ($) | Tax Revenue ($)
| Prior Year Debt ($) |
2013 | 1200 | 950 | 5000 |
2014 | 1400 | 1525 | 4750 |
2015 | 1800 | 1500 | 4450 |
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