Suppose a New Country Is Formed, and Its Government Has

question 57

Multiple Choice

Suppose a new country is formed, and its government has the following revenues and expenditures for its first three years of existence.
Which of the following is correct regarding this government?

• A) In the third year, it had a $5 national debt, and after the third year, it has a $25 deficit.
• B) In the third year, it ran a $5 deficit, and its national debt after the third year is $45.
• C) In the third year, it ran a $5 surplus, and its national debt after the third year is $25.
• D) In the third year, it ran a $5 deficit, and its national debt after the third year is $25.

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Definitions:

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The century spanning from 1901 to 2000, marked by significant social, technological, and political changes that influenced global societies.