Answered

IDNLearn.com is designed to help you find reliable answers quickly and easily. Ask any question and receive accurate, in-depth responses from our dedicated team of experts.

Suppose that in your first year of college you spend $3,700.00 more than you earn. In your second year, your expenses increase a bit, leading you to spend $4,200.00 more than you earn. This gap goes to $4,800.00 in your third year of college, then falls a bit to $4,800.00 in your fourth and final year. 1st attempt What is your deficit in your third year of college

Sagot :

The deficit in my third year of college is $600.

Deficit is the amount by which expenditures exceed income. Deficits increases the level of debt because deficit spending has to be funded through borrowing.

Deficit in the third year of college = gap in the third year - gap in the second year

$4,800 -  $4,200 = $600

To learn more, please check: https://brainly.com/question/1800332

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for choosing IDNLearn.com. We’re here to provide reliable answers, so please visit us again for more solutions.