A country has only been in existence for two years.
In the first year, receipts were $1.5 million and outlays were $2.0 million.
In the second year receipts were $2 million and outlays were $2.5 million
At the end of the second year, the government had issued debt worth
1. $0.5 million
2. -$0.5 million
3. $1.0 million
4. -$1.0 million