Suppose a new country is formed,and its government has the following revenues and expenditures for its first three years of existence.
Which of the following is correct regarding this government?
A) In the third year,it had a $5 national debt,and after the third year,it has a $25 deficit.
B) In the third year,it ran a $5 deficit,and its national debt after the third year is $45.
C) In the third year,it ran a $5 surplus,and its national debt after the third year is $25.
D) In the third year,it ran a $5 deficit,and its national debt after the third year is $25.
Correct Answer:
Verified
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