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Business, 16.07.2020 01:01 nekobaby75

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion in year 2, a budget deficit of $30 billion in year 3, a budget surplus of $20 billion in year 4, and a budget deficit of $2 billion in year 5. a. What is the absolute size of its public debt in year 5?

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Suppose that a country has no public debt in year 1 but experiences a budget deficit of $50 billion...

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