a.) Suppose that South Pangean debt is $200 million and the interest rate it pays on that debt is 6 percent. That means its interest payments must be $| million. b.) If South Pangean expenditures are $60 million without interest payments, that means its expenditures with interest payments are $ |million.

a.) Suppose that South Pangean debt is $200 million and the interest rate it pays on that debt is 6 percent. That means its interest payments must be $| million. b.) If South Pangean expenditures are $60 million without interest payments, that means its expenditures with interest payments are $ |million.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter17: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 7SQP

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