Year Goverment tax revenues (billions of dollars) Goverment expenditures (billions of dollars)
1 240 240
2 250 245
3 260 255
4 300 320
5 325 340
The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 1?
A) $0
B) $25 billion
C) $240 billion
D) Not enough information is provided to answer the question.
1 240 240
2 250 245
3 260 255
4 300 320
5 325 340
The government begins year 1 with $25 billion of debt. Based on the information in the above table, what is the amount of debt following year 1?
A) $0
B) $25 billion
C) $240 billion
D) Not enough information is provided to answer the question.