Econo Nation started 2013 with no national budget debt or surplus. By the end of 2013, it
Question:
Econo Nation started 2013 with no national budget debt or surplus. By the end of 2013, it had a budget surplus of $304 million; in 2014, it had a budget deficit of $452 million; in 2015, it had a budget surplus of $109 million, and the amount of its budget deficit or surplus in 2016 is unknown. If at the end of 2016, Econo Nation’s national debt totaled $50 million, determine the deficit or surplus in 2016.
Instructions: Enter your answer as a whole number and include a negative sign if there is a deficit.
Period | Deficit (-) or surplus (+) | Debt |
Beginning of 2013 | $0 | |
End of 2013 | $304 million | |
2014 | -$452 million | |
2015 | $109 million | |
End of 2016 | million | $50 million |
International Business
ISBN: 978-0133457230
15th edition
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan