A Nation Has $6 Billion in Revenue in Year 1

question 68

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 percent interest without paying on the principle?

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Definitions:

Pressure Ulcer

Injury to skin and underlying tissue resulting from prolonged pressure on the skin, commonly occurring in bedridden or immobile individuals.

Assisted Living

A residential option for older adults or others needing assistance with daily living activities but who do not require the full-time health care services of a nursing home.

Diabetes

A long-term medical condition where the blood has excessively high sugar levels because the body can't properly produce or utilize insulin.

Primary Intention

A wound healing process where the wound edges are directly brought together, allowing minimal scarring.