Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit of $30 billion in year 3, a budget surplus of $10 billion in year 4, and a budget deficit of $2 billion in year 5. a. What is the absolute size of its public debt in year 5?

Instructions: Enter your answer as a whole number. For the absolute size of its public debt, enter your answer as a positive number.

b. If its real GDP in year 5 is $104 billion, what is this countrys public debt as a percentage of real GDP in year 5?

Instructions: Round your answer to 2 decimal places.