Homework - Please give explaination for correct option. The US national debt is approximately $23.2 trillion or 23, 200 billion in October 2019. If it were to be paid off in the year 2059 at 4% interest, what would be approximate annual payment? Note that the B stands for billions of dollars. a)$1,200B. b)$1,100B. C)$1,000B. D)$900B
Homework - Please give explaination for correct option. The US national debt is approximately $23.2 trillion or 23, 200 billion in October 2019. If it were to be paid off in the year 2059 at 4% interest, what would be approximate annual payment? Note that the B stands for billions of dollars. a)$1,200B. b)$1,100B. C)$1,000B. D)$900B
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter31: The Impacts Of Government Borrowing
Section: Chapter Questions
Problem 21CTQ: Explain whether or not you agree with the premise of the Ricardian equivalence theory that rational...
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Homework - Please give explaination for correct option.
The US national debt is approximately $23.2 trillion or 23, 200 billion in October 2019. If it were to be paid off in the year 2059 at 4% interest, what would be approximate annual payment? Note that the B stands for billions of dollars.
a)$1,200B.
b)$1,100B.
C)$1,000B.
D)$900B
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