7 Assume a government starts with zero debt. This government then runs an annual deficit for 20 yearsof $1,391. At the end of those 20 years, what would be amount of the government debt? Please roundto 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do notinclude a dollar sign ($) when answering.Question 74If the price level in the U.S. is 117, the price level in Japan is 127.8, and the nominal exchange rate is98.27 yen (Japan's currency) per dollar, what is the real exchange rate from the U.S. perspective? Pleaseround to two decimal places and do not include the "pesos per dollar". For example, if your answer was105.675 pesos per dollar, you would only enter 105.68.Question 75If the price level in the U.S. is 123.2, the price level in Japan is 123.5, and the real exchange rate is 102yen (Japan's currency) per dollar, what is the nominal exchange rate from the U.S. perspective? Pleaseround to two decimal places and do not include the "pesos per dollar". For example, if your answer was105.675 pesos per dollar, you would only enter 105.68,

Given, Deficit = $1,391 Annual deficit year =20 years

starts with zero debt. This government then runs an annual deficit for 20 years of $1,391. At the end of those 20 years, what would be amount of the government debt? Please round to 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.

starts with zero debt. This government then runs an annual deficit for 20 years of $1,391. At the end of those 20 years, what would be amount of the government debt? Please round to 2 decimal places if needed. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.

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 6PA

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