At the end of March 2020, roughly around the time the COVID-19 pandemic began, the U.S. federal debt was $23.22 trillion. The table below reports the deficits accumulated from April to September 2020, the first six months of the COVID-19 recession. Date Deficit (in trillions) April 2020 $0.74 May 2020 $0.40 June 2020 $0.86 July 2020 $0.06 August 2020 $0.20 September 2020 $0.12 At the end of September 2020, total debt would be equal to $25600 trillion (round your answer to one decimal place).
At the end of March 2020, roughly around the time the COVID-19 pandemic began, the U.S. federal debt was $23.22 trillion. The table below reports the deficits accumulated from April to September 2020, the first six months of the COVID-19 recession. Date Deficit (in trillions) April 2020 $0.74 May 2020 $0.40 June 2020 $0.86 July 2020 $0.06 August 2020 $0.20 September 2020 $0.12 At the end of September 2020, total debt would be equal to $25600 trillion (round your answer to one decimal place).
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 51P: A government starts off with a total debt of $3.5 billion. In year one, the government runs a...
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![At the end of March 2020, roughly around the time the COVID-19 pandemic began, the U.S. federal debt was $23.22 trillion. The table
below reports the deficits accumulated from April to September 2020, the first six months of the COVID-19 recession.
Date
Deficit
(in trillions)
April 2020
$0.74
May 2020
$0.40
June 2020
$0.86
July 2020
$0.06
August 2020
$0.20
September 2020
$0.12
At the end of September 2020, total debt would be equal to $
25600
trillion (round your answer to one decimal place).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fad041980-7cf4-4a87-80b4-7046f1d0d2ae%2Ff2fba363-f6bb-4aae-87c7-be46a96c4d33%2Fbegq44w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the end of March 2020, roughly around the time the COVID-19 pandemic began, the U.S. federal debt was $23.22 trillion. The table
below reports the deficits accumulated from April to September 2020, the first six months of the COVID-19 recession.
Date
Deficit
(in trillions)
April 2020
$0.74
May 2020
$0.40
June 2020
$0.86
July 2020
$0.06
August 2020
$0.20
September 2020
$0.12
At the end of September 2020, total debt would be equal to $
25600
trillion (round your answer to one decimal place).
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