If the budget deficit of a government is $50 billion and it plans to reduce it b

Practice Questions

Q1
If the budget deficit of a government is $50 billion and it plans to reduce it by 20% next year, what will be the new budget deficit?
  1. $40 billion
  2. $45 billion
  3. $50 billion
  4. $60 billion

Questions & Step-by-Step Solutions

If the budget deficit of a government is $50 billion and it plans to reduce it by 20% next year, what will be the new budget deficit?
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