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Home / Questions / The tables show the spending and revenue for Littleland in 2010. Use the tables and other ...

The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions Spending category education welfare and Social Security health care defens

The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer
the questions
Spending category
education
welfare and Social Security
health care
defense
payments on debt
other
Value (millions)
$320
$890
$270
$120
$170*
$%240
Revenue categoryValue (millions)
ncome tax
sales tax
corporate tax
social insurance
$800
$270
$300
$340
GDP in 2010: $7.3 billion Total debt as of
2009: S3.5 billior
*This payment covers total interest owed only
How much money in millions did Littleland need to borrow in 2010 to finance its government spending?
What was Littleland's deficit to GDP ratio in 2010? Give your answer to the nearest whole percentage point.
At the end of 2010, what was Littleland's debt to GDP ratio? Give your answer to the nearest whole percentage point.

Aug 22 2020 View more View Less

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