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Government Spending Year 1 $800 Year 2 850 Year 3 900 Year 4 950 Year 5 1,000 The table contains budget information for a hypothetical
Government Spending Year 1 $800 Year 2 850 Year 3 900 Year 4 950 Year 5 1,000 The table contains budget information for a hypothetical economy. All data are in billions of dollars. Assume that Year 1 is the rst year for this economy and Year 5 is the current Tax Revenues $825 850 875 900 925 GDP $4,000 4,200 4,350 4,500 4,600 year. What is the public debt in this economy at Year 5? 0 $125 billion 0 $925 billion 0 $25 billion 0 $75 billion
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