Suppose that in your first year of college you spend $31,200.00 more than you earn. In your second year, your expenses increase a bit, leading you to spend $31,850.00 more than you earn. This gap goes to $32,330.00 in your third year of college, then falls a bit to $32,330.00 in your fourth and final year. What is your deficit in your third year of college? $ S How much debt do you have that year? $ S

Suppose that in your first year of college you spend $31,200.00 more than you earn. In your second year, your expenses increase a bit, leading you to spend $31,850.00 more than you earn. This gap goes to $32,330.00 in your third year of college, then falls a bit to $32,330.00 in your fourth and final year. What is your deficit in your third year of college? $ S How much debt do you have that year? $ S

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter23: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 8SQP

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