question archive The projected public spending by the British government for the years 2010-2011 through 2014-2015 is 692 billion pounds/year
The projected public spending by the British government for the years 2010-2011 through 2014-2015 is 692 billion pounds/year
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The projected public spending by the British government for the years 2010-2011 through 2014-2015 is 692 billion pounds/year. The projected public revenue for the same period is billion pounds . Find the projected deficit for the period in question. (Round your answer to one decimal place.)
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The spending is 692 billion pounds over the time period t = 0 through t = 4.
The revenue over the time period t = 0 through t = 4 is given by
billion pounds.
Hence the deficit is given by deficit = spending - revenue = 692 - 619.71 = 72.29 billion pounds.
