Over the past year, Ionia's money supply increased by $6 billion, $4 billion in bonds were sold to the public, an unused military base was sold for $3billion, and the government spent $20 billion. 1....


Over the past year, Ionia's money supply increased by $6 billion, $4 billion in bonds were sold to the public, an unused military base was sold for $3billion, and the government spent $20 billion.



1. Ionia had a budget



a.surplus



b.deficit






2. Determine the amount of Ionia's budget deficit or surplus ($ billion)


3. Determine the amount of Ionia's tax revenue for the year.($billion)




Jun 10, 2022
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