Question
Data on public sector of an economy in 2008 are the following: public spending G=20B, tax revenues T=30B, transfers TR=10B, nominal interest rate i=5%, public
Data on public sector of an economy in 2008 are the following: public spending G=20B, tax revenues T=30B, transfers TR=10B, nominal interest rate i=5%, public debt at the beginning of 2008 PD08=60B. Compute the value of public debt in this economy at the beginning of 2009.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
