Question

Year Budget Surplus Budget Deficit Debt 205 1 2 14 3 323 4 8 310 5 6 6 The table above gives data about Finlandia's budget balance and debt in millions of euros for 6 years. Given this information we know that Finlandia had a budget (type surplus or deficit) A in year 5 which was equal to $ A million euros

Answer 1

Year	Budget Surplus	Budget deficit	Debt
1	-----	------	205
2		14	219
3		104	323
4	8		315
5	5		310
6		6	316

Debt = Sum of Budget deficit - Sum of budget surplus.

In each year there will be either budget deficit or budget surplus.

In year 2, Budget deficit is 14. So, it will increase the Debt by 14 in year 2.

In year 3, Debt increases, it means there is Budget deficit in year 3. Budget deficit in year 3 will be the difference between the Year's 3 debt and Year's 2 debt.

In year 4, there is budget surplus of 8. So, it will decrease the Debt by 8 in year 4.

In year 5, debt decreases, it means there is budget surplus in year 5. Budget surplus in year 5 will be the difference between Year's 4 debt and Year's 5 debt.

In year 6, budget deficit is 6. So, it will increase the debt by 6 in year 6.

Answer: Budget surplus in year 5 which was equal to $ 5 million euros.