Calculate the Real Deficit from the Figures in the Examples

question 67

Essay

Calculate the real deficit from the figures in the examples given below:
#1: Nominal deficit = $8 million;Inflation = 5%;Total debt = $100 million
#2: Nominal deficit = $8 million;Inflation = 8%;Total debt = $100 million
#3: Nominal deficit = $8 million;Inflation = 8%;Total debt = $200 million

---

Definitions:

Cognitive Therapy

A form of psychological treatment that helps patients identify and correct distorted thoughts and beliefs that can lead to negative emotions and behaviors.

Irrational Thinking

Thought processes characterized by illogical or unreasonable conclusions or beliefs.

Negative Emotions

Feelings that are generally considered unpleasant or undesirable, such as sadness, anger, and fear.

Scientist-Practitioner Gap

The divide between academic research in psychology and its application in clinical practice, often due to differences in goals, methods, and priorities.