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julsineya [31]
3 years ago
13

Econo Nation started 2008 with no national budget debt or surplus. By the end of 2008, it had a budget surplus of $304 million;

in 2009, it had a budget deficit of $452 million; in 2010, it had a budget surplus of $109 million, and the amount of its budget deficit or surplus in 2011 is unknown. If at the end of 2011 Econo Nation’s national debt totaled $50 million, determine the deficit or surplus in 2011.
Business
1 answer:
lorasvet [3.4K]3 years ago
4 0

Answer:

The deficit in 2011 is $11 million

Explanation:

For computing the deficit or surplus, first we have to find out the national budget debt or surplus which is shown below:

= Budget surplus in 2008 + budget deficit in 2009 + budget surplus in 2010

= $304 million - $452 million + $109 million

= - $39 million

And, the national debt is $50 million

So, the deficit would be equal to

= National budget debt + national debt

= -$39 million + $50 million

= - $11 million

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