Assume a government starts with zero debt. This government then runs an annual deficit for 10 years of $1,530. At the end of those 10 years, what would be amount of the government debt? Please round to 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.

Assume a government starts with zero debt. This government then runs an annual deficit for 10 years of $1,530. At the end of those 10 years, what would be amount of the government debt? Please round to 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter26: Savings,Investment And The Financial System

Section: Chapter Questions

Problem 6CQQ

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