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27 January, 09:33

Econo Nation started 2008 with no national budget debt or surplus. By the end of 2008, it had a budget surplus of $304 million; in 2009, it had a budget deficit of $452 million; in 2010, it had a budget surplus of $109 million, and the amount of its budget deficit or surplus in 2011 is unknown. If at the end of 2011 Econo Nation's national debt totaled $50 million, determine the deficit or surplus in 2011.

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  1. 27 January, 12:59
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    The deficit in 2011 is $11 million

    Explanation:

    For computing the deficit or surplus, first we have to find out the national budget debt or surplus which is shown below:

    = Budget surplus in 2008 + budget deficit in 2009 + budget surplus in 2010

    = $304 million - $452 million + $109 million

    = - $39 million

    And, the national debt is $50 million

    So, the deficit would be equal to

    = National budget debt + national debt

    = - $39 million + $50 million

    = - $11 million
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