Over the past year, Ionia's money supply increased by $6 billion, $4 billion in bonds were sold to the public, an unused military base was sold for $3billion, and the government spent $20 billion. 1. Ionia had a budget a.surplus b.deficit 2. Determine the amount of Ionia's budget deficit or surplus ($ billion) 3. Determine the amount of Ionia's tax revenue for the year.($billion)
Over the past year, Ionia's money supply increased by $6 billion, $4 billion in bonds were sold to the public, an unused military base was sold for $3billion, and the government spent $20 billion. 1. Ionia had a budget a.surplus b.deficit 2. Determine the amount of Ionia's budget deficit or surplus ($ billion) 3. Determine the amount of Ionia's tax revenue for the year.($billion)
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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Over the past year, Ionia's money supply increased by $6 billion, $4 billion in bonds were sold to the public, an unused military base was sold for $3billion, and the government spent $20 billion.
1. Ionia had a budget
a.surplus
b.deficit
2. Determine the amount of Ionia's budget deficit or surplus ($ billion)
3. Determine the amount of Ionia's tax revenue for the year.($billion)
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