Consider the following economy. Government Debt, end of 2026: 100 Nominal interest rate on government debt: 8% 2027 ination rate: 5% 2027 nominal GDP: 1500
Consider the following economy. Government Debt, end of 2026: 100 Nominal interest rate on government debt: 8% 2027 ination rate: 5% 2027 nominal GDP: 1500 Tax rate: 25% 2027 Government Expenditures: 200 2027 Net Government Transfers: 150 What is the government's debt at the end of 2027? (Round to two decimal places and do not enter the currency symbol. If your answer is $6.114, enter 6.11. If your answer is $6.115, enter 6.12. If appropriate, remember to enter the sign.)
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