According to the recent report the debt of the Philippines reach about 11.6 Trillion Pesos. If by the end of the present administration it could reach to 12 Trillion Pesos. In the upcoming 2022 elections. The Presidential candidates have the different plans and proposals on how the government will pay its debt. If the next administration will manage to reduce or decrease the debt of the country in the next six years, which the debt of the country is constantly compounded annually by 7.5%. Question 1: How much is the total debt of the country at the end of 6 years of the next administration?

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter17: Taxation And Resource Allocation
Section: Chapter Questions
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According to the recent report the debt of
the Philippines reach about 11.6 Trillion
Pesos. If by the end of the present
administration it could reach to 12 Trillion
Pesos. In the upcoming 2022 elections.
The Presidential candidates have the
different plans and proposals on how the
government will pay its debt. If the next
administration will manage to reduce or
decrease the debt of the country in the
next six years, which the debt of the
country is constantly compounded
annually by 7.5%.
Question 1: How much is the total debt of
the country at the end of 6 years of the
next administration?
Transcribed Image Text:According to the recent report the debt of the Philippines reach about 11.6 Trillion Pesos. If by the end of the present administration it could reach to 12 Trillion Pesos. In the upcoming 2022 elections. The Presidential candidates have the different plans and proposals on how the government will pay its debt. If the next administration will manage to reduce or decrease the debt of the country in the next six years, which the debt of the country is constantly compounded annually by 7.5%. Question 1: How much is the total debt of the country at the end of 6 years of the next administration?
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