The Following Budget Information Is for a Hypothetical Economy

question 135

Multiple Choice

The following budget information is for a hypothetical economy.All data are in billions of dollars.

-Refer to the above data.The budget deficit in year 3 is:

• A) $175 billion.
• B) $3050 billion.
• C) $100 billion.
• D) $295 billion.

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Definitions:

Earnings Per Share

A financial ratio representing the portion of a company's profit allocated to each outstanding share of common stock.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue, representing the company's profit.

Outstanding Stock

Capital stock that has been issued and is being held by stockholders.

Weighted-Average Number

A calculation that takes into account the varying degrees of importance of the numbers in a data set, used to find a kind of average that considers weight.