In 2007, Franceʹs government had revenue of $1.287 trillion while expenditures totalled $1.356 trillion. GDP was $2.56 trillion. In 2007, the government budget____________ balance was and government debt____________ .

Question

Quizplus · Accepted Answer

The budget balance is calculated as revenue minus expenditures, which is $1.287 trillion - $1.356 trillion = -$0.069 trillion or -$69 billion. A negative balance indicates a deficit, meaning the government debt increased.

In 2007, Franceʹs Government Had Revenue of $1