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Business, 24.04.2020 02:58 devenybates

Suppose that U. S. debt is $7 trilion at the beginning of the fiscal year. During the fiscal year, the government spending and government transfers are $2 trillion and tax revenues equal $1.5 trillion. At the end of the fiscal year, the debt is:

a.$6.5 trillion.
b.$7.5 trillion.
c.$10.5 trillion.
d. $9 trillion.

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Suppose that U. S. debt is $7 trilion at the beginning of the fiscal year. During the fiscal year, t...

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