Solve the Problem. -In a Recent Year, the Total Receipts for the US

question 130

Multiple Choice

Solve the problem.
-In a recent year, the total receipts for the US federal government were $2154 billion. The total outlays were $2472 billion. The deficit was $318 billion. What would the deficit have been, if there
Had been a 2% increase in total receipts?

• A)$279 billion
• B)$269 billion
• C)$283 billion
• D)$275 billion

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Definitions:

Effective Yield

The actual return on an investment, considering the compounding of interest.

Perpetuity

Bond paying out a fixed amount of money each year, forever.

Yearly Payment

The amount of money paid or received over the course of a year for any financial transaction or obligation.

Effective Yield

The total yield of an investment after accounting for compounding interest, often expressed on an annual basis.