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Fiscal Policy and Debt (5 points). Here is some hypothetical information on the US economy (not far off and based on recent years) Current/Last Year's
Fiscal Policy and Debt (5 points). Here is some hypothetical information on the US economy (not far off and based on recent years) Current/Last Year's National Debt: 30 Trillion Interest rate on the Debt: 3% Government Spending: 1.7 Trillion Transfer Payments: 4.1 Trillion Taxes: 4.9 Trillion GDP is unchanged What is the value of the country's primary surplus or deficit? What is the country's total deficit including interest payments
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