In 2008, the government increased its debt by $50 billion and it received $300 billion in revenue. How much money did the government spend in 2008? Select one: a. $220 billion b. $350 billion c. $300 billion d. $280 billion e. $250 billion

In 2008, the government increased its debt by $50 billion and it received $300 billion in revenue. How much money did the government spend in 2008? Select one: a. $220 billion b. $350 billion c. $300 billion d. $280 billion e. $250 billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In 2008, the government increased its debt by $50 billion and it received $300 billion in revenue. How much money did the government spend in 2008?

Select one:

a. $220 billion

b. $350 billion

c. $300 billion

d. $280 billion

e. $250 billion

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