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Suppose a country starts out with 0 government debt in Year 1. In Year 2, government spending is $26 billion and taxes are $16 billion.
Suppose a country starts out with 0 government debt in Year 1. In Year 2, government spending is $26 billion and taxes are $16 billion. In Year 3, government spending is $25 billion and taxes are $18 billion. In Year 4, government spending is $16 billion and taxes are $19 billion. What is the amount of government debt at the end of Year 4
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