FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the beginning of 2020, a government had a total debt of $454.5 billion dollars. They ended 2020 with a $9.1 billion dollar budget surplus.

image text in transcribed
At the beginning of 2020, a government had a total debt of $454.5 billion dollars. They ended 2020 with a $9.1 billion dollar budget surplus. In 2021, their budget surplus reached $3.6 billion dollars. How much is the total debt of the government at the end of 2021? Write just a number with two decimals, without any dollar or percentage symbols. For instance, 720.10 or 547.00)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

China's Air Pollution Problems

China's Air Pollution Problems

Authors: Claudio O Delang

1st Edition

1317209281, 9781317209287

More Books

Students also viewed these Economics questions

Question

★★★★★
Do you think that managers should be held criminally liable for health and safety violations? Should they go to jail for such violations? If so, under what conditions? If not, why not?

Answered: 1 week ago

Question

★★★★★
Plot seven equally spaced points from the curve in Figure 17-11 and find a non-polynomial equation to fit the line that has an R 2 value of at least 0.900. Tensile strength (MPa) 0 400 300 200 100 0...

Answered: 1 week ago

Question

★★★★★
6.50 The Rh Factor In a certain population, 15% of the people have Rh-negative blood. A blood bank serving this population receives 92 blood donors on a particular day. a. What is the probability...

Answered: 1 week ago

Question

★★★★★
Three different companies each purchased a machine on January 1, 2012, for $54,000. Each machine was expected to last five years or 200,000 hours. Salvage value was estimated to be $4,000. All three...

Answered: 1 week ago

Question

★★★★★
In October, Pine Company reports 20,600 actual direct labor hours, and it incurs $166,600 of manufacturing overhead costs. Standard hours allowed for the work done is 23,800 hours. The predetermined...

Answered: 1 week ago

Question

★★★★★
The diagram below shows the Canadian market for leather shoes, which we assume to be competitive. The world price is pw. If the Canadian government imposes a tariff of t dollars per unit, the...

Answered: 1 week ago

Question

★★★★★
25 points Save proyed's RR, assuring cost of capital of 12% Aseiting they we mutually eschnive, which peo,ect would b selected, 242018

Answered: 1 week ago

Question

★★★★★
Evan, Jennifer, and Nicole are studying probability for their MATH 108X exam. Evan explains that the probability of flipping a coin three times and getting heads all three times is 1/8. Jennifer...

Answered: 1 week ago

Question

★★★★★
EXPLAIN THE FOLLOWING RELATING TO ARTICLE 5 AND 6 OF PROFESSIONAL CODE OF ETHICS OF IMMIGRATION CONSULTANT IN THE ATTACHED CASE. EXPLAIN WHAT THE ARTICLE 5 AND 6 EXPECTS THE IMMIGRATION CONSULTANT TO...

Answered: 1 week ago

Question

★★★★★
Imagine it is currently the first day of 2019. The corporate tax rate is 40% and the WACC is estimated to be 13% pa. Suppose also that there is no surplus cash in any year and that Terminal Value...

Answered: 1 week ago

Question

★★★★★
Please solve all questions correctly, step by step. Chapter 11(3) 0 Saved Help Save& Exit Submit 10 Check my work 1 Problem 11-20 (Algo) Transfer Price with an Outside Market [LO11-3] Hrubec...

Answered: 1 week ago

Question

★★★★★
Explain clearly Suppose that the nominal interest rate is zero, that is R = 0. 1. What is the equilibrium quantity of credit card services? 2. In what sense does the economy run efficiently with R =...

Answered: 1 week ago

Question

★★★★★
4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.

Answered: 1 week ago

Question

★★★★★
1. To provide an insight into why a communication situation can be perceived differently depending on which psychological framework we choose to use.

Answered: 1 week ago

Question

★★★★★
4. What is the meaning of this statement, we should always demarcate a problem in accordance with our objectives, or with what we are trying to understand? a) Give at least three examples that shed...

Answered: 1 week ago

Previous Question Next Question