In the beginning of the year, the economy has public debt (or national debt) of $450 million. This year, tax revenues collected by the government is $40 million and government outlays are $55 million. At the end of the year, this country has public debt (or national debt) of $____ million. Your Answer: Answer

In the beginning of the year, the economy has public debt (or national debt) of $450 million. This year, tax revenues collected by the government is $40 million and government outlays are $55 million. At the end of the year, this country has public debt (or national debt) of $____ million. Your Answer: Answer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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