Question: If the budget deficit of a country is $50 billion and the total budget is $500 billion, what percentage of the budget is the deficit?
Options:
5%
10%
15%
20%
Correct Answer: 10%
Solution:
Percentage of deficit = (50 / 500) * 100 = 10%.
If the budget deficit of a country is $50 billion and the total budget is $500 b
Practice Questions
Q1
If the budget deficit of a country is $50 billion and the total budget is $500 billion, what percentage of the budget is the deficit?
5%
10%
15%
20%
Questions & Step-by-Step Solutions
If the budget deficit of a country is $50 billion and the total budget is $500 billion, what percentage of the budget is the deficit?
Step 1: Identify the budget deficit amount, which is $50 billion.
Step 2: Identify the total budget amount, which is $500 billion.
Step 3: Divide the budget deficit by the total budget: 50 / 500.
Step 4: Calculate the result of the division: 50 / 500 = 0.1.
Step 5: To find the percentage, multiply the result by 100: 0.1 * 100.
Step 6: Calculate the final result: 0.1 * 100 = 10%.
Percentage Calculation – Understanding how to calculate a percentage by dividing the part (deficit) by the whole (total budget) and multiplying by 100.
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