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Suppose the state of Oregon decides to become a separate country. In the first year, Oregon has a budget deficit of $150 million and sells
Suppose the state of Oregon decides to become a separate country. In the first year, Oregon has a budget deficit of $150 million and sells "Oregon T-Bills" to pay for the deficit. In the second year, Oregon has a deficit of $100 million, and again sells "Oregon T-Bills". In the third year, the deficit is $200 million, and Oregon again sells "Oregon T-Bills". At the end of the third year, what is the National Debt of Oregon? (careful, numbers have changed) d. $200 million a. $450 million b. $350 million c. $150 million
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