Business, 11.03.2022 04:30 qloc

Suppose that the government runs a budget deficit of $75 billion in year 1. Assume that the year began with a national debt of $0. In year 2 the government ran a budget surplus of $50 billion. In year 3, the government spent $200 billion more than it collected in taxes. The debt is $ billion.

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Suppose that the government runs a budget deficit of $75 billion in year 1. Assume that the year beg...