2. If a government runs a budget deficit of $10 billion dollars each year for ten years, then a surplus of $1 billion for five years, and then a balanced budget for another ten years, what is the government debt?

2. If a government runs a budget deficit of $10 billion dollars each year for ten years, then a surplus of $1 billion for five years, and then a balanced budget for another ten years, what is the government debt?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 52P: If a government runs a budget deficit of 10 billion dollars each year for ten years, then a surplus...

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2. If a government runs a budget deficit of $10 billion dollars each year for ten years, then a surplus of $1 billion for
five years, and then a balanced budget for another ten years, what is the government debt?

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