Econo Nation started 2015 with no national budget debt or surplus. By the end of 2015, it had a budget surplus of $294 million; in 2016, it had a budget deficit of $437 million; in 2017, it had a budget surplus of $104 million, and the amount of its budget deficit or surplus in 2018 is unknown. If at the end of 2018, Econo Nation's national debt totaled $44 million, determine the deficit or surplus in 2018. Instructions: Enter your answer as a whole number and include a negative sign if there is a deficit. Period Beginning of 2015 End of 2015 2016 2017 End of 2018 Deficit (-) or surplus (+) 50 $294 million -$437 million $104 million million Debt $44 million
Econo Nation started 2015 with no national budget debt or surplus. By the end of 2015, it had a budget surplus of $294 million; in 2016, it had a budget deficit of $437 million; in 2017, it had a budget surplus of $104 million, and the amount of its budget deficit or surplus in 2018 is unknown. If at the end of 2018, Econo Nation's national debt totaled $44 million, determine the deficit or surplus in 2018. Instructions: Enter your answer as a whole number and include a negative sign if there is a deficit. Period Beginning of 2015 End of 2015 2016 2017 End of 2018 Deficit (-) or surplus (+) 50 $294 million -$437 million $104 million million Debt $44 million
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Econo Nation started 2015 with no national budget debt or surplus. By the end of 2015, it had a budget surplus of $294 million; in
2016, it had a budget deficit of $437 million; in 2017, it had a budget surplus of $104 million, and the amount of its budget deficit or
surplus in 2018 is unknown. If at the end of 2018, Econo Nation's national debt totaled $44 million, determine the deficit or surplus in
2018.
Instructions: Enter your answer as a whole number and include a negative sign if there is a deficit.
Period
Beginning of 2015
End of 2015
2016
2017
End of 2018
Deficit (-) or
surplus (+)
-$
$0
$294 million
-$437 million
$104 million
million
Debt
$44 million.
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