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Imagine that the interest rate is equal to 10%. Moreover, assume that at the beginning of period t the level of government debt in a
Imagine that the interest rate is equal to 10%. Moreover, assume that at the beginning of period t the level of government debt in a given economy is equal to 200. During the priod the government collects 30 in taxes and spends 40. What is the value of debt at the beginning of period t+1? O 10 O 220 230 None of the above
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