10. A government starts off with a total debt of $3.5 billion. In year one, the government runs a deficit of $400 million. In year two, the government runs a deficit of $1 billion. In year three, the government runs a surplus of $200 million. What is the total debt of the government at the end of year three

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Hillary Yu

28 March, 19:02

10. A government starts off with a total debt of $3.5 billion. In year one, the government runs a deficit of $400 million. In year two, the government runs a deficit of $1 billion. In year three, the government runs a surplus of $200 million. What is the total debt of the government at the end of year three

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Richmond · Answer 1

Start of debt = 3.5 billion

Year 1 deficit = 400 million

Year 2 deficit = 1 billion

Year 3 surplus = 200 million

Total debt at the end of year = 3.5 billion + 400 million + 1 billion - 200 million

= $4.7 billion is the total debt at the end of year 3