Suppose that in 2010 the government collected $300 billion in revenue and spent $380 billion, while in 2011 the governme

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Suppose That In 2010 The Government Collected 300 Billion In Revenue And Spent 380 Billion While In 2011 The Governme 1 (81.63 KiB) Viewed 36 times

Suppose that in 2010 the government collected $300 billion in revenue and spent $380 billion, while in 2011 the government revenue increased to $360 billion and its spending fell to $340 billion. If the government did not have any debt at the beginning of 2010, how much debt would it have by the end of 2011? Select one: O a. $20 billion O b. $30 billion O c. $50 billion O d. $60 billion Oe. $70 billion Justin pays for his groceries using a debit card. Justin is using money as: Select one: O a. A medium of arbitration O b. A medium of exchange O c. A unit of account d. A store of value Oe. A unit of transaction