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A Nation Has $6 Billion in Revenue in Year 1

question 94

Essay

A nation has $6 billion in revenue in year 1 and $7 billion in spending.In year 2,it has $8 billion in revenue and $10 billion in spending.In year 2,what is the national debt and what is the deficit,assuming the nation can borrow at 0% interest without paying on the principle?


Definitions:

Achievement

Refers to the successful completion of objectives or reaching a desired outcome, often recognized in educational, professional, or personal contexts.

Recognition

The act of acknowledging or rewarding an individual or team's achievements and contributions.

Synergy

The interaction or cooperation of two or more organizations, substances, or agents to produce a combined effect greater than the sum of their separate effects.

Optimal Performance

The highest level of efficiency and effectiveness that an individual or system can achieve.

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