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Please answer second question A given government spends $200 million to build a better highway system without changing taxes. Experts estimate that the value of
Please answer second question
A given government spends $200 million to build a better highway system without changing taxes. Experts estimate that the value of the highway system is $150 million. If we calculate government debt in the standard way, we would say this project added $ million in government debt, all else equal. (We'll reuse this information again in the next question. Note that your answer is given in millions, so if your answer is $99 million, enter just 99 in the blank.) Consider again the situation from the last question: A given government spends $200 million to build a better highway system without changing taxes. Experts estimate that the value of the highway system is $150 million. If we calculate government debt using the capital budgeting approach, we would say this project added \$ million in government debt, all else equal. (Note that your answer is given in millions, so if your answer is $99 million, enter just 99 in the blank.)Step by Step Solution
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