Suppose the deficit in the year 2010 is $500 billion;in the year 2011 it falls to $200 billion.If the national debt at the beginning of year 2010 is $10 trillion,how much will it be at the end of year 2011?

Question

Quizplus · Accepted Answer

The national debt at the end of 2010 can be found by adding the deficit of $500 billion to the initial debt of $10 trillion. This gives a total debt of $10.5 trillion at the end of 2010. 
To find the national debt at the end of 2011, we need to take into account the decrease in the deficit from $500 billion to $200 billion. This means that the debt will increase by $300 billion ($500 billion - $200 billion) in 2011. Therefore, the national debt at the end of 2011 will be $10.8 trillion ($10.5 trillion + $300 billion), which is closest to answer choice D ($10.7 trillion).

Suppose the Deficit in the Year 2010 Is $500 Billion;in