Suppose the deficit in the year 2010 is $500 billion;in the year 2011 it falls to $200 billion.If the national debt at the beginning of year 2010 is $10 trillion,how much will it be at the end of year 2011?

A) $10 trillion
B) $10.2 trillion
C) $10.5 trillion
D) $10.7 trillion
E) $11 trillion

Question

Munteser Sadaqa · Accepted Answer

Final Answer : D, Explanation :  The national debt at the end of 2010 can be found by adding the deficit of $500 billion to the initial debt of $10 trillion. This gives a total debt of $10.5 trillion at the end of 2010.To find the national debt at the end of 2011, we need to take into account the decrease in the deficit from $500 billion to $200 billion. This means that the debt will increase by $300 billion ($500 billion - $200 billion) in 2011. Therefore, the national debt at the end of 2011 will be $10.8 trillion ($10.5 trillion + $300 billion), which is closest to answer choice D ($10.7 trillion).

Suppose the deficit in the year 2010 is $500 billion;in the year 2011 it falls to $200 billion.If the national debt at the beginning of year 2010 is $10 trillion,how much will it be at the end of year 2011?

A) $10 trillion
B) $10.2 trillion
C) $10.5 trillion
D) $10.7 trillion
E) $11 trillion

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Learning Objectives

Related questions

Suppose the deficit in the year 2010 is $500 billion;in the year 2011 it falls to $200 billion.If the national debt at the beginning of year 2010 is $10 trillion,how much will it be at the end of year 2011?A) $10 trillionB) $10.2 trillionC) $10.5 trillionD) $10.7 trillionE) $11 trillion

Definitions

Learning Objectives

Learning Objectives

Related questions

Suppose the deficit in the year 2010 is $500 billion;in the year 2011 it falls to $200 billion.If the national debt at the beginning of year 2010 is $10 trillion,how much will it be at the end of year 2011?

A) $10 trillion
B) $10.2 trillion
C) $10.5 trillion
D) $10.7 trillion
E) $11 trillion