A Country Has Been in Existence for Only Two Years

question 17

Multiple Choice

A country has been in existence for only two years. In the first year, tax revenues were $1.0 million and outlays were $1.5 million. In the second year, tax revenues were $1.5 million and outlays were $2.0 million. At the end of the second year, the total government debt was________ .

• A)$2.5 million
• B)$3.5 million
• C)$1.0 million
• D)$0.5 million

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Definitions:

Mobility

The ability to move or be moved freely and easily within physical spaces or between different social levels.

Supervision

The act of overseeing or managing activities and people, ensuring that tasks are completed efficiently and safely.

Toddlers

Describes young children typically aged 1 to 3 years, who are in a developmental stage characterized by rapid growth in mobility, language, and cognitive skills.

Safety

The condition of being protected from or unlikely to cause danger, risk, or injury.