Wk 4 - Apply: Quiz [due day 7] i Saved Help Save & Exit Submit 4 MC Qu. 33-126 (Algo) Suppose the federal government had budget... Suppose the federal government had budget deficits of $60 billion in year 1 and $50 billion in year 2 but had budget surpluses of $20 billion in year 3 and $50 billion in year 4. Also assume that it used its budget surpluses to pay down the public debt. At the end of these four years, the federal government's public debt would have 10 points Skipped Multiple Choice eBook O increased by $40 billion. O increased by $110 billion. O decreased by $70 billion. O decreased by $40 billion