Last year a small country collected total tax revenue of $1.3 billion and spent $1.5 billion. It currently owes investors owning its bonds and other...

Last year a small country collected total tax revenue of $1.3 billion and spent $1.5 billion. It currently owes investors owning its bonds and other debt obligations $5.0 billion. We would say the country's deficit was:

Please no excel and show all work