Question: Can you demonstrate the accurate method for solving this financial accounting question? A country's fiscal data shows: - 2022: $950 billion spending, $620 billion tax

Can you demonstrate the accurate method for solving this financial accounting question?

A country's fiscal data shows: - 2022: $950 billion spending, $620 billion tax revenue - 2023: $890 billion spending, $820 billion tax revenue - Starting debt (beginning of 2022): $6.5 trillion What is the national debt at the end of 2023? Options: a) $6.72 trillion b) $6.80 trillion c) $6.90 trillion d) $7.02 trillion e) $7.15 trillion

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