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Year Expenditures Tax Revenues GDP 1 $350 $195 $2,675 2 $310 $215 $3,075 3 $370 $240 $3,575 4 $420 $270 $3,775 Suppose that initially there
Year Expenditures Tax Revenues GDP 1 $350 $195 $2,675 2 $310 $215 $3,075 3 $370 $240 $3,575 4 $420 $270 $3,775 Suppose that initially there is no public debt. Using the above table, the public debt as a percent of GDP in year 4 was D%. (Enter your response rounded to one decimal place.)
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