A country currently has an outstanding debt of $45 billion. Its current-year expenditures are $12 billion and its tax revenue is $14 billion. Which of the following statements is true? The country has a budget deficit of $2 billion in the current year and a national debt of $43 billion. The country has a budget surplus of $2 billion in the current year and a national debt of $47 billion. The country has a budget surplus of $2 billion in the current year and a national debt of $43 billion. The country has a budget deficit of $2 billion in the current year and a national debt of $47 billion.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A country currently has an outstanding debt of $45 billion. Its current-year expenditures are $12 billion and its tax revenue is $14 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Net credit sales for Winner Company are $100,000 for the year. The Accounts Receivable account had a balance of $15,000 at the beginning of the year and $25,000 at the end of the year. What is the company's receivables turnover ratio?
Answers (1)
A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include:
Answers (1)
Limonelle corporation owns the secret formula for a popular beverage brand, limonelle. the corporation operates through franchises in over 50 countries.
Answers (1)
Jason has decided to start his own business, but he is not quite sure what type of business he wants to own. he knows that the best two categories for small businesses are
Answers (1)
One of the reasons items manufactured in southeast asia are imported into the united states less expensively is that workers are paid a small amount of money for each item produced.
Answers (1)
New Questions in Business
Johnson Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $50,000 for 5 years.
Answers (1)
What does the statement "This note is legal tender for all debts, public and private" guarantee? a) US currency is backed by gold. b) US currency is backed by silver. c) US currency is a way of obtaining legal credit.
Answers (1)
A successful firm like microsoft has consistently generated large profits for years. is this a violation of the emh?
Answers (1)
Which statement about writing skills in today's workplace is most accurate? a. Because of today's emphasis on teams, more business is conducted face-to-face, which reduces the need for written messages. b.
Answers (1)
At December 31, 2018, the financial statements of Hollingsworth Industries included the following: Net income for 2018 $ 590 million Bonds payable, 10%, convertible into 47 million shares of common stock $ 250 million Common stock: Shares
Answers (1)