Suppose that a country has no public debt in year 1 but experiences a budget deficit of $30 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. Instructions: In part a, enter your answer as a whole number. For the absolute size of the public debt, enter your answer as a positive number. In part b, round your answer to 2 decimal places. a. What is the absolute size of its public debt in year 4? $4 30 billion b. If its real GDP in year 4 is $104 billion, what is this country's public debt as a percentage of real GDP in year 4? 3076 percent

Suppose that a country has no public debt in year 1 but experiences a budget deficit of $30 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. Instructions: In part a, enter your answer as a whole number. For the absolute size of the public debt, enter your answer as a positive number. In part b, round your answer to 2 decimal places. a. What is the absolute size of its public debt in year 4? $4 30 billion b. If its real GDP in year 4 is $104 billion, what is this country's public debt as a percentage of real GDP in year 4? 3076 percent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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"Industry organization Agri SA has expressed concern about rising input costs in the agricultural sector, echoing concerns raised by the Agricultural Business Chamber (Agbiz) earlier this week. Agri SA says the cost of direct materials, labour and other overheads are particularly worrying, while Agbiz mentioned how fuel costs are gnawing at agribusiness' profitability". Sunshine markets is producing and selling sweet potatoes and they have been impacted by the rising costs. (A) (C) S1 a) A b) B c) C d) D D2 D'a S2 Da (B) (D) Di D'a $2 $1 Zoe D a If sweet potatoes and potatoes are substitute products, which diagram above illustrates the effect on the sweet potato market of a decrease in the price of potatoes?
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