In 2021 ABC government has a nominal budget deficit of $1000 billions with inflation rate 3%, and the federal debt at the begining of 2021 is $30 trillion (1 trillion=1000 billions). Then the real budget deficit for ABC in 2020 is $1900 $900 $300 $100
In 2021 ABC government has a nominal budget deficit of $1000 billions with inflation rate 3%, and the federal debt at the begining of 2021 is $30 trillion (1 trillion=1000 billions). Then the real budget deficit for ABC in 2020 is $1900 $900 $300 $100
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter18: Six Debates Over Macroeconomic Policy
Section: Chapter Questions
Problem 8QR
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In 2021 ABC government has a nominal budget deficit of $1000 billions with inflation rate 3%, and the federal debt at the begining of 2021 is $30 trillion (1 trillion=1000 billions). Then the real budget deficit for ABC in 2020 is
$1900
$900
$300
$100
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