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The table below presents the tax revenue and spending for the government over five years. Government Revenue and Spending Year Tax Revenue (billions of dollars)
The table below presents the tax revenue and spending for the government over five years. Government Revenue and Spending Year Tax Revenue (billions of dollars) Spending (billions of dollars) 1 $160 $150 2 130 120 3 150 100 4 120 150 5 100 160 Suppose the government has no debt entering into year 1. At the end of year 5, what is the government's level of debt? Enter your answer as a positive value. $ billion
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