Map sapling iearning The tables below show the spending and revenue for Littlela

Question

Map sapling iearning The tables below show the spending and revenue for Littleland in 2010. Use the tables and other information below to answer the questions that follow. Spending Category Value (millions) Education Revenue Category Value (millions) Income Tax Sales Tax Corporate Tax Social Insurance GDP in 2010: $7.3 Billion Total debt as of 2009: $3.5 Billion $320M $800M $270M $300M $340M Welfare and Social $890M Security Healthcare Defense $270M $120M Payments on Debt$170M* Other $240M This payment covers total interest owing only. How much money (in millions) did Number Littleland need to borrow in 2010 tom finance its government spending? At the end of 2010 what was Littleland's debt to GDP ratio? (give your answer to the nearest whole percentage point) Number | | | | | % Hint -O Previous Check Answer·Next tl Exit t time today too. Goodnight. Sweet dreams. I love

Explanation / Answer

Spending Category = 320 + 890 + 270+ 120 + 170 + 240 = 2010

Revenue Category = 800 + 270 +300 + 340 = 1710

Finance required = 1710 – 2010 = $300 million

Debt to GDP ratio = 300/ 730 = 41 %

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