Question
In the beginning of the year, the economy has public debt (or national debt) of $220 million. This year, tax revenues collected by the
In the beginning of the year, the economy has public debt (or national debt) of $220 million. This year, tax revenues collected by the government is $25 million and government outlays are $85 million. At the end of the year, this country has public debt (or national debt) of $ million.
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
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